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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

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
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

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)

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)
       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
Markit Flash Dec Manufacturing, Services, Composite PMI
US Oct Business Inventories (10am et)
Baker-Hughes weekly US/North American Rig Count (1pm)

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)





FRIDAY, 12/14: none we know of

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)

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)

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

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?

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,

  Sandi Lynne

       (c) 1998--2018 Sandi Lynne