The January Publication of
the Daily Chronology of Global Markets and World Economics 2018-01 is available
through Amazon. The historic market action continues with more all-time and multi-year record stock
market highs printing in the major indexes and individual stocks around the
world. The S&P 500 crosses above 2,800 for the first time in history
running to the all-time high at 2,872.80. The Dow Jones Industrials cross above
26,000 for the first time in history printing the all-time high at 26,614.85.
Investors were joyously celebrating until the week of 1/28/18 where stocks
drift lower and on Friday, 2/2/18, the Dow plummets 666 points.
January Cover Highlights;
US STOCK
INDEXES PRINT ALL-TIME HIGHS
GLOBAL STOCK
INDEXES AT RECORD AND MULTI-YEAR HIGHS
DOW 26,600+
S&P 500 2,870+
UTILITIES
CRASH -13%
TREASURY
SECRETARY MNUCHIN “WEAK DOLLAR POLICY” MISTAKE
GOVERNMENT
SHUTDOWN
DAVOS
PROTECTIONISM
BANK EARNINGS
GREENSPAN SAYS
STOCKS AND BONDS ARE BUBBLES
BOJ ANNOUNCES
UNLIMITED BOND-BUYING
GLOVAL YIELDS
CLIMB HIGHER
The January chronology highlights the non-stop all-time record breaking stock market highs in all seven major
US indexes (SPX, INDU or DJI, COMPQ, NDX, RUT, NYA, TRAN or DJT) and the
SOX. The Dow overtakes 26,600 and
the S&P 500 prints above 2,870
(last week’s selloff shaves 108 points off the high with the SPX now at 2762).
The World Economic Forum took place in Davos, Switzerland, where
Treasury Secretary Mnuchin inserted his shiny wingtip into his mouth by
professing a weak dollar policy. Heads turned. Jaws dropped. A strong dollar
policy is supposed to be the standard talking point of US officials (even
though behind the scenes a weak dollar is desired). Mnuchin backtracked but the
currency and trade wars and protectionism shots across bow have started.
Yields climb
(the 10-year prints 2.854% not seen in four years) as February begins creating
angst in the stock markets especially on Friday 2/2/18. The 2018-01 publication runs
through Saturday 2/3/18 so the Jobs Report and the big selloff in stocks is
recorded in detail as it played out in real-time.
President Trump continues boasting about the new record highs in
stocks taking full credit and responsibility for the upside joy during January
sans the last few days. Oil prices remain elevated with both West Texas and Brent
printing at 2-1/2 year highs.
The chronology explains the price moves in global stock,
bond and currency markets after key geopolitical events, central bank monetary
policy meetings and economic data releases such as the monthly jobs report. If
you are trying to make sense of the markets this is the resource for you. No
other publication exists where the stock, bond and currency moves are detailed
and explained as world events and economic news take place in real-time.
You can relive the real-time price moves
and excitement in markets for any past events including the May 2015 stock
market top (2015-02 through 2015-10), Brexit (2016-06 and 2016-07), the US
election (2016-10 and 2016-11), the drama behind the French election (2017-04
and 2017-05), economic data releases, monthly jobs reports, Fed meetings and
much more. The wild overnight crash in the S&P futures, and quick recovery,
after President Trump’s election last November is chronicled in real-time, as
it happened minute-by-minute, in the 2016-11 publication.
The 2017-11 publication chronicles the 400-point intraday drop in
the Dow on Friday, 12/1/17, when it was thought that former Trump adviser
Michael Flynn had implicated the president in nefarious deeds. This news story
turned out to be not true although Jared Kushner and Donny Trump, Jr, may be in
trouble.
The 2017-12 issue highlights all the wild action in the
cybercurrency arena with bitcoin, ripple, etherum, litecoin and others. You can
relive the excitement of the SPX 2,700 and Dow 25,000 levels in the 2017-12
publication as well as reference all the key statistics for the year for the
world’s stock indexes, bonds, commodities, currencies and important individual
stocks. Warren Buffett stands up and performs a jig of joy as his Berkshire
Hathaway stock crosses above 300,000 for the first time ever in December 2017.
As always, all monthly publications of the Daily Chronology
of Global Markets and World Economics are available from the links in the
margins of the K E Stone blog sites or simply searching on Amazon or Google. The
monthly publications contain updated information not posted on the Keystone the
Scribe web site as well as clarifications, corrections, edits and refinements
to the ongoing daily blog text.
The February 2018-02 chronology is tentatively set for publishing
by Amazon on Saturday, 3/3/18.
The popular “Keystone the
Scribe” daily market chronology blog, “The Keystone Speculator” stock charts
and technical analysis blog and the “Keybot
the Quant’ algorithm blog are visited by over one-half million people around
the world each month. The free original content on these sites is not available
anywhere else on the internet and content is only posted in proportion to the
support received. Thank you.
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