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Dear Catch22: I like these twelve points better, plus + I use Zero Hedge to line my parrot cage. Regards,
1. Default Avoided: A last minute deal was cut, and after 16-days, the government reopened. 2. Russell 2000 (small cap), S&P400 mid cap and S&P500 large-caps hit all-time highs. 3. 99 S&P500 companies reported Q3 earnings, 60.6% beat guidance (vs 52% last week + 66.5% in Q2). 4. Gasoline prices are down 11% from their YTD highs 5. Google joined Priceline in the $1,000 club. 6. Chinese GDP increased 7.8%, accelerating for the first time in three quarters. 7. MBA refi apps rose 3.3%, up for 5th straight week to 2 month highs 8.Philly Fed came in at 19.8 v expectations of 15. 9. Beige book indicated fed saw modest to moderate growth 10. European stocks rose for a seventh straight day, their longest streak this year. 11. Stoxx Europe 600 is at its highest level since 2008. 12. Sorry Bears: Despite all the political wrangling + can kicking, the world didn’t end, and markets hit new all-time highs.
Comments
Regards,
1. Default Avoided: A last minute deal was cut, and after 16-days, the government reopened.
2. Russell 2000 (small cap), S&P400 mid cap and S&P500 large-caps hit all-time highs.
3. 99 S&P500 companies reported Q3 earnings, 60.6% beat guidance (vs 52% last week + 66.5% in Q2).
4. Gasoline prices are down 11% from their YTD highs
5. Google joined Priceline in the $1,000 club.
6. Chinese GDP increased 7.8%, accelerating for the first time in three quarters.
7. MBA refi apps rose 3.3%, up for 5th straight week to 2 month highs
8.Philly Fed came in at 19.8 v expectations of 15.
9. Beige book indicated fed saw modest to moderate growth
10. European stocks rose for a seventh straight day, their longest streak this year.
11. Stoxx Europe 600 is at its highest level since 2008.
12. Sorry Bears: Despite all the political wrangling + can kicking, the world didn’t end, and markets hit new all-time highs.