International Council of Shopping Centers

11-26-2013 4-38-42 PMThe E-mini S&P opening price today was (1801.75). Today, the price (1798.75) was hit at 10:10 a.m. US/Eastern time. The high price (1807) was reached at 3:30 p.m. Eastern time. Each week, the International Council of Shopping Centers publishes a report of the weekly measure of comparable store sales at major retail chains. Investors want to know about this report because accounts for roughly 10 percent of total retail sales. There is not much explanation as to why this weeks growth surged 2.6 percent while the year-on-year rate fell a sizable 7 tenths to only plus 2.1 percent. The trend in this report is that the Black Friday sales are going to be flat, which will not make or break November.

Treasury Budget Report

11-13-2013 4-40-34 PMThe E-mini S&P opened today at (1756.50). The day’s low price was hit within the first five minutes of opening at (1755.25). At 4:40 p.m. US/Eastern time the day’s high was reached at (1781.50). Each month, the U.S. Treasury releases a monthly report of the surplus or deficit of the federal government. Investors pay attention to changes in the budget balance of the annual fiscal year, as an indicator of budgetary trends. The deficit reduction continues into the first month of the government’s new fiscal year, with a $91.6 billion vs a deficit of $120.0 billion in October last year. That is a a 24 percent improvement. About $8 billion of the improvement is tied to calendar timing, meaning the actual year-on-year improvement is 17 percent. A gain in corporate income taxes are led by an 8 percent increase in receipts. The temporary government shutdown is perhaps to blame for outlays being down five percent. The year-on-year spending on defence is down 8 percent, with net interest expense down 18 percent.

International Council of Shopping Centers

11-12-2013 4-56-47 PMToday the E-mini S&P opened at (1766.50). At 10 a.m. US/Eastern time The da’ys high was reached at (1770). The day’s low was reached about five minutes after opening at 9:35 a.m. US/Eastern time of (1764). The International Council of Shopping Centers publishes a weekly report of comparable store sales at major retail chains. This report accounts for about 10 percent of total retail sales. The report this week states there was a 1.2 percent jump in week-to-week same-store sales for a 2.3 percent year-on-year pace which is up 4 tenths in the week. This was most likely the result of colder weather and lower gas prices in the November 9 week.

Pending Home Sales

10-28chartToday’s opening price on the E-mini S&P was (1753.50). The lowest price point today was (1754) at 11 a.m. Eastern time. The high today was (1760) at 2:45 p.m. Eastern. The economy is usually strengthened by sales on the housing market, but for four months in a row it has been hard to tell since pending sales have been down. The index level of pending home sales has fallen to 101.6 vs 107.6 in August, for a 5.6 percent decline. In nearly 2-1/2 years this has been the first negative reading of the year-on-year index, which is down 1.2 percent. According to the National Association of Realtors (NAR), the recent government shutdown has pushed government workers and contractors to the sidelines of the housing market. Sales of existing homes had been slightly stronger, but not my much. The NAR says that today’s report points to a no better than a flat trend for final sales through the 4th quarter. This report had little effect on the the market following today’s results.

Petroleum Status

Oct-23-2013-2The opening price on the E-mini S&P was (1742.25) today. There was a high of (1744) that was reached within the first ten minutes of the market opening. The lowest price was (1734.50) at 10:55 p.m. Eastern time today. For the 5th week in a row there has been a increase of domestic production together with falling demand in petroleum, resulting in a 5.2 million barrel increase in oil inventories to 379.8 million barrels. For the second time in weekly records domestic production is at 7.9 million barrels per day while imports are at 7.7 million. These recent increases are due to the surge in domestic production and also seasonal slowing at refineries which are operating at 85.9 percent of capacity. Inventories of gasoline fell 1.8 million barrels in the week while distillate inventories rose 1.5 million.