What You missed LAST Week
NO
SIGN of CAPITULATION On STOCK CHARTS, YET
December 10—14, 2018 Afraid I’m not feeling all that well this weekend, so can
barely manage to throw up the work done, so far. Either we hit a capitulation low, sooner
rather than later, or stocks will continue to reach farther down to find a bottom. There
is not one yet
ECONOMIC:
SUNDAY, 12/09
OVERNIGHT into US Mon. a.m. et
China Nov PPI & CPI
Japan Q3 GDP/Private Consumption/Business
Spending, Oct Trade Balance
UK Q3 GDP, Trade Balance, Industrial,
Manufacturing & Construction Production
ECB’s Aneglonia discussant @ OMFIF
"Balancing the Roles of the ECB" (London)
MONDAY, 12/10
Nobel Prize Award Ceremony & Gala (Stockholm Sweden)
Canada Oct Housing Starts/Building Permits
Fed’s Oct JOLTS
Int’l Economic Forum of the Americas (Toronto Canada thru 12th)
US Treasury Auctions $39B 3-, & $36B 6-month Bills (11:30am et)
TD Ameritrade IMX (12"30om est)
OVERNIGHT into US Tues a.m. et:
UK Nov Jobless Claims/Change, ILO Unemployment
Rate/Change
German Dec ZEW Survey of Current Situation
& Expectations
Britain’s Parliament Votes on PM
May’s Negotiated Brexit Deal (12/11 local time)
BoE releases Record of the 11/28/81 Financial
Policy Cmte Meeting
TUESDAY, 12/11
NFIB US Small Business Optimism Index (6am)
US Nov PPI—Final Demand
Redbook weekly Store Sales Snapshot
Time Magazine Person of the Year
US Treasury Auctions $36B 3-year Notes (1pm et)
US Treasury Budget (2pm)
OVERNIGHT into US Wed. a.m. et:
Japan Nov PPI, Oct Machine Order,
Tertiary Industry Index
Eurozone Q3 Unemployment, Oct Industrial
Production
WEDNESDAY, 12/12
MBA weekly Mortgage/Refinance Applications (7am; Rate down last 2 weeks)
Canada Teranet/Nat’l Bank Nov HPI
US Nov CPI (8:30am)
37th SEC Conference on Small Business Capital Formation (Columbus OH)
Canada Q3 Capacity Utilization Rate
Mexican Oct Industrial Production NSA
Atlanta Fed Nov Business Inflation Expectations (10am)
EIA weekly Petroleum/Gasoline/Distillates Report (w/e 12/07/; 10:30am et)
US Treasury Auctions $24B reopened 10-year Notes (1pm et—a week before rate
hike?)
US Treasury Budget (2pm et)
OVERNIGHT into US Thurs. a.m. et:
EU Summit may face visit from PM May asking to
improve the deal (thru 14th)
SNB (Swiss) MPC Rate Decision, KOF
Institute Winter Economic Forecast, SNB’s Jordan Press Conference (Bern, Suisse)
Norges (Norway) MPC Interest Rate Decision,
publishes Monetary Policy +Press Conference (Oslo)
Riksbank Executive Board Meeting (Stockholm)
RBNZ (New Zealand) Conference on linkages
between financial markets & the macro economy, or marco-finance (Wellington to 11/14)
ECB MPC Interest Rates Decisions (12/13
local time all MPC) + Draghi w/Guindos Press Conference (Frankfurt)
THURSDAY, 12/13
US Weekly Jobless Claims/Continuing Claims
Canada Oct New House Price Index
US Nov Import/Export Price Indexes
SEC Investor Advisory Cmte Meets (9am et D.C.)
EIA weekly Natural Gas Report (w/e 12/07)
US Treasury Refunding Announcement
US Treasury Auctions 4-, & 8-week Bills (11:30am, amounts not yet released)
US Treasury Auctions $16B reopened 30-year Bonds (1pm et)
Fed weekly Balance Sheet & US Money Supply (4:30pm et)
OVERNIGHT into US
Japan Q4 Tankan Index, Nikkei Dec Manufacturing
PMI
China Nov Retail Sales, Industrial Production,
Property Investment, Fixed Assets
EU 25 Nov New Car Registrations
Eurozone, France, Germany Markit Dec
Manufacturing/Services/Composite PMI
SNB end of year News Conference
ECB’s Angeloni Plenary on "Fixing
the European Dream: Economic & Monetary Union, Banking Union, Capital Markets Union,
& What Else?" @Rome Investment Forum 2018 "Invest in Europe" (12/14
local time)
FRIDAY, 12/14
US Nov Retail Sales
US Nov Industrial Production/Capacity Utilization (9:15am)
Markit Flash Dec Manufacturing, Services, Composite PMI
US Oct Business Inventories (10am et)
Baker-Hughes weekly US/North American Rig Count (1pm)
SATURDAY, 12/15
China Nov New Home Prices
ECB’s Draghi speaks on occasion of awarding the Laurea Honoris Causea in
Economics by Univ. of Sant’Anna (Pisa Italy)
WEEKS AHEAD: 12/16 ECB’s Draghi & Bundesbank;s Weidmann speak (Frankfurt)
Chicago Fed’s Evans Q&A @ Fixed Income Forum Roundtable
12/18—19 FOMC Meets
12/19 FOMC Chief Powell Press Conference post-Expected Rate Hike (2:30m)
Updated SEP Released (member forecasts/dot plot; noon)
BoJ’s Kuroda & Bk of France’s de Galhau speak @Europlace Int’l
Financial Forum
12/20 BoE MPC Meets
BoJ MPC Meets
Riksbank (Sweden) MPC Meets
Bk of Mexico MPC Meets
12/21 US Funding Expires at Midnight after 2-week extension from 12/07
EARNINGS: (We no longer separate pre-market
from after market release times. ORCL said its earnings report will be announced by the 5th
business day after the close of the quarter. Yeah, thanks! When’s that? Consumer
Discretionary dominates again)
MONDAY, 12/10: ASNA, BLBD, NX, SEAC, STRM
TUESDAY, 12/11: AEO, ARWR, PLAY, DSW, FRAN, INTL, IRET, PVTL, POWL, SFIX
WEDNESDAY, 12/12: NDSN, OXM, PLAB, TLRD, TWMC, VRA
THURSDAY, 12/13: ADBE, CIEN, CIVI, COST, FRED, GTIM, LEE, LRAD
FRIDAY, 12/14: none we know of
EVENTS;
CONTINUING SUNDAY, 12/09
ASCB Am. Society of Cell Biology Annual Mtg (San Diego CA thru 12th)
Nat’l Forum on Quality Improvement in Health Care Conference (Orlando FL thru
12th)
ROTH Capital Ptnrs 7th Deer Valley Corporate Access (Park City UT)
Mediapost Email Insider Summit (Park City thru 12th)
Art Basel (Miami Beach FL)
Salon Nautqiue (Paris FR thru 16th)
STARTING SUNDAY, 12/09
IBC’s Antibody Engineering & Therapeutics Conf/Expo (San Diego thru 13th)
Globecom 2018 (Abu Dhabi UAE thru 11th)
Baseball Winter Meetings (Las Vegas NV thru 13th)
MONDAY, 12/10
IEEE Int’l Conference on Big Data (Seattle WA thru 13th)
Strategas Aerospace, Defense & Gov’t Services Field Trip ;(D.C. thru 11th)
Raymond James Multi-Family Lending Symposium (NY)
AGU Geophysical Researchers Annual (D.C. thru 14th)
AHIP Customer Experience & Digital Health Forum (Nashville TN thru 13th)
Biological+Chemical SENSORS Global Summit (San Diego CA thru 12th)
e-Courts (Las Vegas thru 12th)
Int’l Conference on Vascular Dementia ( New Zealand thru 12th)
JPMorgan Japan Regional 1x1 Forum (Nagoya, Alchi Japan thru 11th)
Citi’s Turkish Symposium Asia (Singapore thru 11th)
SEMICon & World of IoT (Tokyo thru 14th)
Mid East Executive Petroleum Conference (Dubai UAE)
CineAsia (Hong Kong thru 13th)
TUESDAY, 12/11
Leerink 12th POLARxPress Bus Tour (NY Area)
BAML Health Care One-on-One Conference (Chicago IL)
Stephens Healthcare Services Plane Trip to (ADUS, AMED, BKD, EHC. HNGR, LHCG)
Cowen & Co Networking & Cybersecurity Summit (thru 12th NY)
Imperial Capital 15th Security Investor Conference (NY thru 12th)
WSJ Pro Cybersecurity Executive Forum (NY)
SANS Cyber Defense Initiative (D.C. thru 16th)
ROTH New Industrials Corporate Access Day (NY)
D.A.Davidson Deep Dive:Holiday Beauty Bus Tour to NUS, IPAR, AVP, COTY (NY)
7th Annual NYC Investor Summit (NY)
FDA/CMS Summit (D.C. thru 12th)
NYAS Alzheimer’s Disease Therapeutics: Alternatives to Amyloid (NY)
Credit Suisse Macro-to Micro: Where are the Opportunities (London)
British Society for Immunology Cross-Talk (London)
Wolfe Research Media & Distribution Manageing director Marci Ryvicker to host a group
lunch on New Disney (DIS) & New Fox (FOXA)
Wyndham Destinations (WYND) roadshow in California with Wolfe Research
(Los Angeles & San Francisco)
WEDNESDAY, 12/12
Guggenheim Securities 6th Boston Healthcare Conference (Boston thru
13th)
Stephens Payments Plane Trip (To: FDC, GPN, MA, SQ, V)
Stephens Lending Store Tour (D.C. area to AAN, FCFS, OMF, RM)
BMO Capital Prescriptions for Success Conference (JNJ, BAX, BSX the biggest
names NY)
KBW Innovation in Finance Conferences (London)
MediaPost Search Insider Summit (Park City thru 15th)
Citi Russia Capital Markets Day (London)
Credit Suisse (CS) Analyst Day (London)
Lowe’s (LOW) Analyst Meeting
Under Armour (UAA) Investor Day
Valvoline (VVV) Group Lunch @ Wolfe Research
THURSDAY, 12/13
Wm Blair & Co Biotech Focus Day Series: Cell & Gene Therapy
Manufacturing (NY)
Piper Jaffray Tech-Enabled Private Equity Symposium (San Francisco)
Jefferies Biopharna Investor Day (Denver CO)
SunTrust RH Technology & Services Conference (NY)
D.A. Davidson Laser/Optical Forum: Bright Lights, Big Opportunity (Boston)
26th World Congress on Anti-Aging Medicine co-located with/
A4M AntiAging, Regenerative & Functional Medicine (Las Vegas thru 15th)
SingularResearch 13th BOTU: Best of the Uncovered-Small Cap Annual (San
Francisco)
Advances in Inflammatory Bowel Diseases: Crohn’s & Colitis
Foundation’s Clinical & Research Conference (Orlando thru 15th)
Citi Canadian & Nordic Banks Day (London)
ESMO Immuno-Oncology Congress (Geneva Suisse thru 16th)
26th Int’l Simposio TTD: Advanced in the Treatment of Gastrointestinal
Tumors (Valencia Spain thru 14th)
Daiwa Taiwan Corporate Day (Tokyo thru 14th)
13th Annual Conference on Dementia & Alzheimer’s Disease
(Dubai, UAE thru 15th)
Applied Materials (AMAT) Technical Symposium (Tokyo thru 14th)
Danaher (DHR) Investor & Analyst Meeting (9:30am Plaza Hotel NY ‘til
12:30pm)
FRIDAY, 12/14
When is a Medical Treatment worth $850,000? (as in Spark Therapeutics’ {ONCE}
Luxterna (Boston)
JPMorgan China Consumer 1x1 Forum (Hong Kong)
FILMS OPENING: "Spider-Man: Into the Spider-Verse," with Shameik Moore,
Jake Johnson, Hailee Steinfeld, Mahershala Ali, Lilly Tomlin, Zoe Kravitz, Nicholas Cage,
Live Schrieber, Chris Pine—or at least their voices. Anyone else a bit confused by
the rotating Spidey’s sometimes live action, other times animated, like this, all
from Columbia Pictures [SNE]? "Deadpool 2," w/Ryan Reynolds
returning to play the "foul-mouthed mutant mercenary Wade Wilson aka Deadpool, and
Josh Brolin, distributed by 20th Century Fox (FOXA) from Marvel Comics (DIS)
character, just as Spider-Man is a Marvel character. "The Mule," with
Clint Eastwood playing an even more taciturn vet than he did in his last holiday,
scheduled film. Also stars Bradley Cooper, Michael Pena, Laurence Fishbourne, Dianne
Wiest, Andy Garcia, and because it's about a Mule for Mexican drugpins, and includes Clint
Eastwood, there’s another classic car for him to drive (echoes of
"Turino."), inspired by a New York Times Magazine article, "The Sinaloa
Carte’s 90-year Old Drug Mule," by Sam Dolnick, script written by Nick Schenck,
via Warner Bros (T). "If Beale Street Could Talk," based on a book
by James Baldwin, with a screenplay by Barry Jenkins, with Stephan James, Regina King,
Kiki Layne, follows a newly engaged, pregnant woman in Harlem trying to prove her
fiance’s innocence, via Annapurna Pictures, who produced & will handle
distribution, for the recent Golden Globes-nominated Best Motion Picture (drama) and Best
Supporting Actress (King), & Best Screenplay (Jenkins). Will movie-goers turn out for
2 Marvel characters, when it seems half the world is waiting for "Mary Poppins
Returns," next week?
SATURDAY, 12/15
NCAA AutoNation (AN) Cure Bowl AAC vs Sunbelt or Tulane v Louisiana Raging Cajuns @
Camping World Stadium to benefit Breast Cancer Research Foundation (Orlando on CBS
Sports TV 1:30pm) EARLIER 2018 OUTLOOKS Here
© Sandi Lynne 2018 Nothing contained in this commentary should be construed as a
recommendation to buy or sell any security. The opinions expressed are the author’s,
alone, and should be just one factor in more complete due diligence.
Enjoy last week's highlights. I'm retired, now, and prepare what I like, when I want,
Regards
Sandi Lynne
(c) 1998--2018
Sandi Lynne