Market Commentary, Week Ending in March 13, 2017

BY MICHAEL ARBOR

 

SUMMARY

Global outlook on growth is positive despite political uncertainty.

 

MARKETS (AS OF 3/10/17; CHANGE SINCE 2/28/17)

Equities

  • S&P 500: +0.379%
  • Dow 30: +0.436%
  • Nasdaq: +0.623%

Interest Rates

  • UST-10 Yr.: +0.224%
  • Japan Govt-10 Yr.: +0.033
  • UK Govt-10 Yr.: +0.080%

Commodities

  • Gold (spot): -3.476%
  • Oil (Brent): -7.717%
  • Silver (spot): -6.898%

Currencies (app.: +, dep.: -)

  • € (EUR/USD): +0.869%
  • ¥ (USD/JPY): +1.800%
  • £ (GBP/USD): -2.211%

 

ECONOMIC HIGHLIGHTS

  • February US job report in: Unemployment back down from January; 235,000 jobs added
  • OECD predicts global economy will grow 3.3% in 2017; alert about possible setbacks

 

POLICY AND POLITICS

  • House GOP introduced replacement for Affordable Care Act
  • Director of US National Trade Council takes aim at trade deficits, currency manipulation in WSJ op-ed

 

INVESTMENT IDEA

  • Inverse Bond ETFs to profit from rising interest rates

 

WHAT TO WATCH

  • Federal reserve meeting on March 15; rate hike likely
  • EPA expected to announce rollbacks on fuel efficiency standards
  • South Korean economy to suffer from Chinese regulations on its exports