Stock Market History From JPMorgan

The LONG term view of the ups and downs(mostly ups)of the S&P Composite Index since 1900:

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Hat tip StockTwits

Riding High in 2018

The S&P 500 Index gained 2.6% after the first four days in 2018, that’s the best start since 2006.  Since 1950, 12 other times a year started with a greater than 2.5% after four days. How did those years finish?  Full year gain(12 out of 12)closed with an average return of 18.6% and median return of 18.2%.

Data courtesy of Ryan Detrick of LPLResearch

The Sledding Pooch

Smart, very smart…

New Years Eve

On the USS Ronald Reagan:

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From Strategypage.com:   YOKOSUKA, Japan (Jan. 01, 2017) Fireworks explode over the skyline behind the Navy’s forward-deployed aircraft carrier, USS Ronald Reagan (CVN 76), for New Year’s Day. Ronald Reagan, the flagship of Carrier Strike Group 5, provides a combat-ready force that protects and defends the collective maritime interests of its allies and partners in the Indo-Asia-Pacific region. (U.S. Navy photo by Mass Communication Specialist 2nd Class Kenneth Abbate)

Cargo Ship Time Lapse Photos

Stunning.  Here’s the link:  http://digg.com/2017/cargo-ship-time-lapse

A Smashing Good Start

Ryan Detrick of LPL Research sums it up: 

New all-time highs the first 4 days of year for the S&P 500 Index.

2 more up days and ties 1964 for longest streak of new highs to start a year.

3 more up days to tie 1987 for longest win streak to start a year.

1964 saw solid low double digit gains and 1987 saw fantastic gains first 8 months.

Tracking The Bull

Here’s a look ahead from our friend Marty Block.  As always, an excellent read.  Enjoy.

2018 Forecast/8th Annual Letter:   Tracking the Bull 2018

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Historic, Already

2018 is just getting started and it’s already making history.

For the first time since 1964 the S&P 500 Index has started a year with three straight new all time highs.  The all time record was set in ’64 with six straight new highs in a row. 

Yesterday the Dow Jones Industrials pierced the 25,000 level.  It took only 23 trading days for the Dow to go from 24,000 to 25,000, the fastest 1000 point move in history. 

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Hat tip Ryan Detrick

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Screen Shot 2018-01-05 at 8.08.55 AM

December Employment Disappoints

The Lede: 

  • Nonfarm payrolls rose by 148,000 in December, according to the Labor Department, well below expectations of 190,000.
  • Biggest job gains by sector came from health care (31,000), construction (30,000) and manufacturing (25,000).
  • The retail sector, however, lost 20,000 jobs despite the holiday shopping season.

The Details:

 December jobs up 148,000, jobless rate at 4.1 percent   21 Mins Ago | 01:45

The U.S. economy added a disappointing 148,000 jobs in December while the unemployment rate held at 4.1 percent, according to a closely watched Labor Department report Friday.

Economists surveyed by Reuters had been expecting nonfarm payrolls to grow by 190,000. The total was well below the November pace of 252,000, which was revised up from the initially reported 228,000.

An unexpected loss of 20,000 retail positions during the holiday season held back the headline number. The unemployment rate for blacks fell to 6.8 percent, its lowest ever.

 “A little bit of a disappointment when you only get 2,000 jobs out of the government and get retail at the absolute busiest time of the year losing 20,000 jobs. It just goes to show the true struggle that traditional brick and mortar is having now,” said JJ Kinahan, chief market strategist at TD Ameritrade. “Outside of that I actually thought it was a good report.”

Biggest gains came from health care (31,000), construction (30,000) and manufacturing (25,000). Bars and restaurants added 25,000, while professional and business services grew by 19,000.

Average hourly earnings rose modestly to the same 2.5 percent annualized gain as in November.

Construction and manufacturing gained 55,000 jobs.  Impressive.  Rollbacks matter.

Hat tip CNBC.com

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