S&P 500 FINANCIALS INDEX
| Value 204.03 | Change -0.21 | % Change -0.1% |
The Alerian MLP Index has recouped yesterday's sell-off, up a fraction to 292. The REIT index is off slightly staying near the Sep high of 181 which took it so long to top. Junk bond funds continue strong. The yield on the 10-year Treasury bond fell 2 basis points to 3.76% keeping near the 3.8% high level it has gotten used to in recent weeks.
Alerian MLP Index --- 2 weeks
Dow Jones REIT Index --- 2 weeks
Oil & gold are essentially even.
| CLG10.NYM | ...Crude Oil Feb 10 | ...79.69 | ... 0.04 .......(0.1%) |
| GCF10.CMX | ...Gold Jan 10 | ...1,138.60 | ... 2.20 .......(0.2%) |
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Weekly jobless claims rose more than expected 11K last week to 444K. But the 4-week moving average fell to 440K last week from 449K. The number receiving unemployment insurance dropped & those receiving extended benefits also decreased. Claims have fallen 34% since reaching a 26-year high of 674K at the end of Mar.
Jobless Claims in U.S. Increased 11,000 Last Week
Jobless claims - 1 year
# receiving unemploy insur - 1 year
US retailers' sales unexpectedly were down 0.3% in Dec after a 1.8% gain in Nov (larger than previously estimated). Retail sales were forecasted to rise 0.5% after an originally reported 1.3% gain in Nov. For all of 2009, retail sales fell 6.2%, the biggest drop since comparable records began in 1993. Purchases decreased 0.5% in 2008, the only other decline on record. Any consumer recovery will be choppy & uneven.
U.S. Retail Sales Unexpectedly Fall After Bigger Gain
Change in purchases - 1 year
Kayne Anderson MLP Investment (KYN) plans to raise $124M by selling 5.5M shares at $23.61 per share. The underwriters will have the option to buy another 825K shares to cover any overallotments. Proceeds from the offering will be used to make investments in the company's portfolio which are primarily MLPs. The stock was off 1.64 to 23.64 after having an outstanding year.
Kayne Anderson aims to raise $124M in stock offer
Kayne Anderson MLP Invest - 1 year
This is the title of an article from Money magazine which discusses 10 stocks attractively priced & are offering nice yields
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Stocks are digesting economic data while awaiting important earnings releases.
Dow Jones Industrials --- 2 weeks
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