Dow jumped up 619 finishing at the highs, advancers over decliners almost 4-1 & NAZ added 191. The MLP index rose 5+ to the 339s & the REIT index added 7+ to 300. Junk bond funds gained & Treasuries were sold. Oil slid back to the 38s & gold drifted lower.
AMJ (Alerian MLP Index tracking fund)
![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif?0.9350527071568946)
3 months before “Star Wars: The Force Awakens” opens in theaters, Disney, a Dow stock, is staking its claim on gift lists, with everything from Captain Phasma action figures to Nerf crossbows & blasters. It unveiled plans for events leading up to next week’s “Force Friday.” They include a global unwrapping of “Star Wars” merchandise on YouTube by the company’s internet video division, Maker Studios & coverage on ABC’s “Good Morning America.” If all goes according to plan, fans, many in costumes, will be lining up well before any new Chewbacca masks, lightsabers or red-armed C-3PO action figures go on sale. The products, built around one of the highest-grossing film franchises in history, could help the toy industry score its best growth in more than a decade, according to NPD Group. The researcher predicts the industry’s US retail sales will increase 6.2%t to $19.9B this year. DIS releases the new film on Dec 18 & has been promoting the picture almost since it acquired Lucasfilm for $4B in Dec 2012. “Star Wars” products generated $2.2B in retail sales worldwide in 2013, according to the Licensing Letter. That put it 6th behind such stalwarts as DIS's princesses & the Hello Kitty brand from Sanrio. The stock went up 3.34. If you would like to learn more about DIS, click on this link:
club.ino.com/trend/analysis/stock/DIS?a_aid=CD3289&a_bid=6ae5b6f7
After pulling back from earlier gains, stocks took off in the PM when Dow gained 500. Such swings, even in this 6 year bull market, are highly unusual, to say the least! Dow is still in the red this week & off a massive 1½K this month. By longer term measures Dow is up more than 10K from its recession lows 6 years. Sounds good. But longer term, from the previous record high in Oct 2007, it is up only a meager 15%, equivalent to a 1½% compound annual growth rate. Capital gains are not what they were in the last century when they were responsible for 2/3 of investment gains. And volatility can be wild. This week alone, Dow has a range of 1K points. Making sense of gut reactions to short term swings means little. Relative to the big gain for the Dow today, market breadth was only so-so. Nobody really knows what its going on! However these are troubling times & stormy seas lie ahead, whether or not the Fed has a 25 basis point increase in Sep.
Dow Jones Industrials
AMJ (Alerian MLP Index tracking fund)
| CLV15.NYM | ....Crude Oil Oct 15 | ....38.98 |  ...0.33 | (0.8%) |
Microsoft's, a Dow stock, Windows 10 has
reached more than 75M devices in almost a month since the
operating system was released, according to Yusuf Mehdi, the company’s
marketing chief for Windows & devices. More than 90K PC & tablet models have upgraded to
the new OS, which is running in 192 countries, Mehdi said. The app store for Windows 10 has had 6 times more
downloads per device than Windows 8. The company has promised that
Windows 10 would reach 1B users within 3 years, which would
be its fastest adoption rate ever. Within the first 24 hours of the Jul
29 release, 14M devices were running the operating system. CEO Satya Nadella has said the revenue
bump from the new OS will come mostly 2 qtrs from now. Mehdi also tweeted that Cortana, Microsoft’s voice-controlled
personal assistant, has told more than 500K jokes since the release.
Nadella has said that Cortana is “perhaps the biggest innovation in productivity we’ve done.” The stock rose 2.24. If you would like to learn more about MSFT, click on this link:
club.ino.com/trend/analysis/stock/MSFT?a_aid=CD3289&a_bid=6ae5b6f7Microsoft Windows 10 on 75 Million Devices in First Month
Microsoft (MSFT)
Global stock-market turmoil has
weakened the case for raising interest rates in Sep, Federal
Reserve Bank of New York pres William C. Dudley said, cautioning
it’s important not to overreact to short-term developments. “From my perspective, at this moment, the decision to begin the
normalization process at the September FOMC meeting seems less
compelling to me than it was a few weeks ago,” Dudley said. “Normalization could become more compelling by the time of the
meeting as we get additional information on how the U.S. economy is
performing, and more information on international and financial market
developments.” World financial markets have been convulsed by concerns over weaker
Chinese growth, just as the Fed debates its first rate increase since
2006. About $8T has been erased from the value of global
equities since the country’s surprise devaluation of the yuan on Aug 11
as investors. His comments come as world central bankers head
toward Jackson Hole, Wyoming, for the Kansas City Fed's annual mountain retreat later this week, where academic discussion about inflation will
probably be overshadowed by the implications of slower Chinese growth. Investors have sharply reduced the probability of a move next month,
with trading in federal funds futures on Wed implying a 24%
probability they will act, compared with 48% on Aug 18. Fed
Chair Janet Yellen has said the central bank is likely to raise rates
this year if the economy grows as expected. Dudley said he hoped that
would still be the case. “I really do hope that we can raise interest rates this year, because
that would be a sign that the U.S. economic outlook is good and that
we’re actually on track to achieve our dual mandate objective,” Dudley added. “Let’s see how the data unfold before we make any statements about
exactly when that might occur.” Dudley said one important way that market volatility could influence
the US economy was though wealth effect, in the event
that stock market losses lead Americans to cut back their spending.
Another key channel is what happens to inflation, which has been running
below the Fed’s 2% target for over 3 years. “One thing we’ll have to be focused on is, what’s the implications of
this turmoil on the prices of goods and services that we import into
the U.S. and how is that going to affect the inflation outlook,” Dudley
said.
Fed's Dudley Says Decision on September Liftoff Less Compelling
3 months before “Star Wars: The Force Awakens” opens in theaters, Disney, a Dow stock, is staking its claim on gift lists, with everything from Captain Phasma action figures to Nerf crossbows & blasters. It unveiled plans for events leading up to next week’s “Force Friday.” They include a global unwrapping of “Star Wars” merchandise on YouTube by the company’s internet video division, Maker Studios & coverage on ABC’s “Good Morning America.” If all goes according to plan, fans, many in costumes, will be lining up well before any new Chewbacca masks, lightsabers or red-armed C-3PO action figures go on sale. The products, built around one of the highest-grossing film franchises in history, could help the toy industry score its best growth in more than a decade, according to NPD Group. The researcher predicts the industry’s US retail sales will increase 6.2%t to $19.9B this year. DIS releases the new film on Dec 18 & has been promoting the picture almost since it acquired Lucasfilm for $4B in Dec 2012. “Star Wars” products generated $2.2B in retail sales worldwide in 2013, according to the Licensing Letter. That put it 6th behind such stalwarts as DIS's princesses & the Hello Kitty brand from Sanrio. The stock went up 3.34. If you would like to learn more about DIS, click on this link:
club.ino.com/trend/analysis/stock/DIS?a_aid=CD3289&a_bid=6ae5b6f7
Disney Is About to Flood the Market With Star Wars Toys
Walt Disney (DIS)
After pulling back from earlier gains, stocks took off in the PM when Dow gained 500. Such swings, even in this 6 year bull market, are highly unusual, to say the least! Dow is still in the red this week & off a massive 1½K this month. By longer term measures Dow is up more than 10K from its recession lows 6 years. Sounds good. But longer term, from the previous record high in Oct 2007, it is up only a meager 15%, equivalent to a 1½% compound annual growth rate. Capital gains are not what they were in the last century when they were responsible for 2/3 of investment gains. And volatility can be wild. This week alone, Dow has a range of 1K points. Making sense of gut reactions to short term swings means little. Relative to the big gain for the Dow today, market breadth was only so-so. Nobody really knows what its going on! However these are troubling times & stormy seas lie ahead, whether or not the Fed has a 25 basis point increase in Sep.
Dow Jones Industrials
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