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US Futures are Flat This Morning as Investors Await President Trump’s Tax Plan

 

US futures are flat this morning as investors await President Trump’s tax plan.  Markets are coming off a strong two day rally following the first round of the French election as the risk on trade has been on.  The White House is expected to push for a 15% corporate tax rate in what would be the biggest tax cut in the history of the US.  Asian markets closed higher led by the Nikkei as the yen weakened and markets in Europe are trading mostly flat to slightly lower.    

 

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US Futures are Higher as They Look to Continue the Rally Following the First Round of the French Elections

US futures are higher as they look to continue the rally following the first round of the French elections.  Markets are getting a boost from better than expected earnings from some big names including DuPont, Caterpillar and McDonalds.  The S&P/Case-Shiller US National Home Price Index came in at 5.8 percent compared to estimates of 5.7 percent.  Later today we will get consumer confidence data as well as new home sales data.  Markets in Asia closed higher led by the Hang Seng as they track the global rally.  European markets continue to trade higher led by the CAC.

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US Futures are Sharply Higher This Morning Following the French Vote Over the Weekend

US futures are sharply higher this morning following the French vote over the weekend.  The first round of the French vote ended with Emmanuel Macron and Marine Le Pen leading the way and going into a head to head vote on May 7.  Because of the voting results, markets see little chance for Le Pen to win the election.  European markets are trading sharply higher on this news with the CAC up over 4 percent.  Markets in Asia closed mostly higher with the Nikkei leading the way on the back of a lower yen as investors sold risk-off securities.            

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US Futures are Slightly Higher This Morning as Investors Look to Follow up on Yesterday’s Rally

US futures are slightly higher this morning as investors look to follow up on yesterday’s rally.  Markets rallied yesterday after Treasury Secretary Mnuchin said they will reveal a tax reform plan very soon.  In economic data, existing home sales will be released later this morning.  Markets in Europe are trading mostly as we head into the first round of the French election.  Markets seem to be reacting little to the terrorist shooting yesterday in Paris.  Asian markets closed mostly higher as they track the previous US session.         

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US Futures are Higher This Morning as Oil Looks to Stabilize

US futures are higher this morning as oil looks to stabilize.  Oil prices fell sharply yesterday after a surprise climb in US gasoline supply pressured prices.  Investors also weighed weekly jobless claims that came in slightly above expectations as well as the Philly Fed Index that fell to 22 from a 32.8 reading in March.  Asian markets closed mostly higher led by the Hang Seng; and European markets are trading mostly higher with the CAC leading the way as the French election nears. 

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US Futures are Slightly Higher as Investors Look to Earnings for Direction

US futures are slightly higher as investors look to earnings for direction.  IBM reported earnings that missed while Morgan Stanley reported better than expected earnings.  No major economic data is due to be released today.  Markets in Asia closed mostly lower as they track the US markets with the Shanghai index leading the way lower.  European markets are trading mixed with the DAX and the CAC higher while the FTSE as the UK’s snap election coming up in June still looms over investors.

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US futures are lower this morning as geopolitical tensions continue to loom

US futures are lower this morning as geopolitical tensions continue to loom.  Tensions in the North Korea region rose as the US continues to rein in on North Korea’s nuclear tests.  In economic data, housing starts fell more than expected with a 6.8 percent drop.  Markets in Asia closed mostly lower led by the Hang Seng while the Nikkei closed slightly higher.  European markets are trading down sharply led by the FTSE as UK PM Theresa May announced plans to call a snap election on June 8th

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US futures are slightly higher this morning as earnings season goes into full swing

US futures are slightly higher this morning as earnings season goes into full swing.  So far the majority of earnings have come in better than expected on the bottom line but geopolitical tensions around North Korea continue to loom.  In economic data, the Empire State index hit 5.2 in April compared to 16.4 in the previous month.  Asian markets closed mostly lower led by the Shanghai index despite a beat in China’s GDP.  Markets in Europe are trading lower led by the CAC.  Later today, the NAHB survey will be released.

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US futures are slightly lower as investors weighed Trump’s policies

US futures are slightly lower as investors weighed Trump’s policies and potential geopolitical risks in Syria and North Korea.  President Trump stated in an interview that they want to get healthcare reform done first before going on to other objectives of the administration which include tax reforms.  This may delay tax reform policies which many corporations are hoping for to boost earnings.  In economic data, import prices fell 0.2 percent and export prices rose 0.2 percent.  Asian markets closed mostly lower with the Nikkei down over 1 percent as tensions with North Korea continues.  Markets in Europe are trading mixed with the DAX and the CAC higher while the FTSE is slightly lower.        

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US markets are lower as small business uncertainty rises

US markets are lower as small business uncertainty rises.  The NFIB index of small business optimism fell to 104.7 in March and uncertainty spiked to 93, the second highest level in the survey history according to Bill Dunkelberg, NFIB Chief Economist.  European shares are mostly higher after members of the G-7 meeting were unable to come to a consensus on sanctions against Russia.  Asian shares closed mixed as concerns grow over tension between the U.S. and North Korea.

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US futures are higher this morning as markets continue to rally following the Fed’s rate hike

US futures are higher this morning as markets continue to rally following the Fed’s rate hike.  In economic data, housing starts rose to a seasonally adjusted 1.288 million which is more than expected.  Other data include weekly jobless claims which came in at 241,000 and the Philly Fed Index came in at 32.8.  Asian markets closed higher led by the Hang Seng which closed sharply higher.  Markets in Europe are trading higher led by the DAX.

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US futures are slightly higher ahead of the Fed’s rate hike decision

US futures are slightly higher ahead of the Fed’s rate hike decision.  The FOMC two day meeting will conclude at 2pm eastern and the market is expecting the Fed to announce their first rate hike of 2017.  In economic data, CPI rose 0.1 percent in February, retail sales also rose 0.1 percent and the Empire State Manufacturing index came in at 16.4.  Oil is trading slightly higher with crude and brent trading up over 1 percent.  European markets are trading close to flat and markets in Asia closed mixed. 

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United Asset Strategies cited as “one of the most successful advisory shops in the U.S.” by Barron’s in their March 11, 2017 issue.

Lee DeLorenzo called an “expert navigator and a patient but opportunistic investor” by Barron’s Advisor Editor Steve Garmhausen in the Advisor’s Profile page of this week’s issue.

The Garden City-based company develops, implements and monitors sophisticated plans and asset allocation solutions comprised of fixed income and equity strategies, alternative investments and hedges including options trading for our wealth management and corporate clients. Lee and her team of professional advisors run multiple strategies, including total return, momentum, growth and income and dividend investing.  Right now, Lee sees opportunity in materials, energy and health care.  Lee and her team select companies based, in part, on value, momentum and the chance for higher pricing or spending.

For 37 years, Lee has been a steward to her clients and staff and has always remained fiercely independent, acting as a fiduciary in all that she does. In Lee’s words, “At United Asset Strategies, we always put our clients first.  We are committed to exceptional service and prudent, disciplined daily money management.” 

For the complete article please visit:

http://www.barrons.com/articles/a-top-advisors-blend-of-patience-and-opportunism-1489210550

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US futures are mixed this morning as investors remain cautious ahead of the Fed’s two day meeting

US futures are mixed this morning as investors remain cautious ahead of the Fed’s two day meeting.  The Fed’s meeting will begin Tuesday and conclude Wednesday with markets expectation of a rate hike at 93 percent.  Oil is looking to stabilize after falling sharply last week as Brent and crude oil is mostly unchanged this morning hovering around $51 and $48 respectively.  Asian markets closed higher led by the Hang Seng and markets in Europe are trading slightly higher.

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The US added 235,000 jobs compared to estimates of 190,000

US futures are higher this morning following a better than expected jobs report.  The US added 235,000 jobs compared to estimates of 190,000 and the unemployment rate came in at 4.7 percent.   The better than expected jobs report may have cemented a rate hike from the Fed when they meet next week.  Oil markets look to recover as both crude and brent are trading slightly higher.  Asian markets closed mostly higher led by the Nikkei and markets in Europe are trading higher tracking the US futures.

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US futures are slightly lower this morning following the ECB’s decision to keep rates unchanged

US futures are slightly lower this morning following the ECB’s decision to keep rates unchanged.  The ECB also said it would potentially increase its QE program if the euro zone economic outlook worsen.  In economic data, weekly jobless claims came in at 243,000 compared to estimates of 235,000 and import prices rose 0.2 percent.  Asian markets closed mostly lower led by the Shanghai and the Hang Seng following data that showed China’s producer price index rose by 7.8 percent which was higher than expected.  Markets in Europe are trading mostly lower led by the FTSE.

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According to ADP, the private sector added 298,000 jobs in February compared to estimates of 190,000

US futures are slightly higher following a strong ADP private sector jobs report.  According to ADP, the private sector added 298,000 jobs in February compared to estimates of 190,000.  Investors will now focus on the government jobs report that will be released Friday as the expectations of a Fed rate hike rose to about 90 percent.  Later this morning, we will get wholesale trade data.  Markets in Asia closed mostly lower led by the Nikkei and European markets are trading slightly higher.  

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US futures are slightly lower this morning as geopolitical tensions rose

US futures are slightly lower this morning as geopolitical tensions rose and investors grew concerned over Trump’s administration.  There are reports that North Korea’s  testing of their missiles were targeted at US bases in Japan, raising geopolitical tensions.  Investors will also dissect the new legislation that US Republicans unveiled last night.  Asian markets closed mostly higher led by the Hang Seng and markets in Europe are trading mixed with the CAC lower while the DAX is slightly higher. 

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US futures are slightly lower this morning as investors are cautious ahead of a potential March rate hike

US futures are slightly lower this morning as investors are cautious ahead of a potential March rate hike.  The CME Group’s FedWatch tool now sees an 81 percent chance of a rate hike in March.  Geopolitical risks also rose as North Korea launched four missiles that landed in Japan’s Exclusive Economic Zone.  Economic data due out later today include factory orders for January.  Asian markets closed mixed with the Nikkei lower while the Shanghai closed up slightly.  Markets in Europe are trading lower led by the DAX.

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