Daily Market Wrap – Fri 29 Sep, 2017

Summarizing month and quarter for investors

In an extended market wrap Chris Temple and I look at a wide range of markets now that we are turning the corner to Q4. We start with the US equity markets which continue to hit new all time highs across the board. Then it’s the safe havens of gold and treasuries that were hit this month but no where near their lows. Finally the USD and oil are discussed. One thing is for sure… Liquidity is available and it continues to be injected in the markets.

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Featuring:
Chris TempleCory Fleck
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Comments:
  1. On September 29, 2017 at 1:55 pm,
    OOTB Jerry says:

    Please please, just one more ride…….for free, no Price says bye bye……
    http://www.zerohedge.com/news/2017-09-29/tom-price-resigns-hhs-secretary-amid-private-jet-scandal

    • On September 29, 2017 at 2:04 pm,
      OOTB Jerry says:

      The resignation follows a Politico report according to which Tim Price took military jets to Europe, Asia for over $500K. In addition to all of the more than two dozen private and chartered jets Price has taken since May, the pricetag had risen north of $1 million taxpayer dollars, according to calculations made by Politico.

      • On September 29, 2017 at 3:28 pm,
        David says:

        Needs to be in jail.

  2. On September 29, 2017 at 1:59 pm,
    OOTB Jerry says:
    • On September 29, 2017 at 2:03 pm,
      OOTB Jerry says:

      The resignation follows a Politico report according to which Tim Price took military jets to Europe, Asia for over $500K. In addition to all of the more than two dozen private and chartered jets Price has taken since May, the pricetag had risen north of $1 million taxpayer dollars, according to calculations made by Politico.

      • On September 29, 2017 at 2:06 pm,
        OOTB Jerry says:

        wrong spot…….sorry……..now he can get the Obama plan on his dime……

  3. On September 29, 2017 at 2:49 pm,
    CFS says:
  4. On September 29, 2017 at 3:29 pm,
    CFS says:
  5. On September 29, 2017 at 3:42 pm,
    CFS says:

    SAN JUAN, Puerto Rico (AP) — Thousands of Puerto Ricans were finally getting water and food rations Friday as an aid bottleneck began to ease, but many remained cut off from the basic necessities of life and were desperate for power, communications and other trappings of normality in the aftermath of Hurricane Maria.

    There were many people across the island, especially outside the capital, who were unable to get water, gas or generator fuel. That was despite the fact that military trucks laden with water bottles and other supplies began to reach various parts of Puerto Rico and U.S. federal officials pointed to progress in the recovery effort, insisting that more gains would come soon.

    In some cases, aid that was being distributed by the Federal Emergency Management Agency was simply not enough to meet demand on an island of 3.4 million people where nearly everyone was still without power, half were without running water in their homes and the economy was still crippled from the effects of the storm that swept across the U.S. territory as a fierce Category 4 hurricane on Sept. 20.

  6. On September 29, 2017 at 3:44 pm,
    CFS says:

    Associated Press – 35 minutes ago
    WASHINGTON (AP) — Figures on government spending and debt in millions of dollars. The government’s fiscal year runs Oct. 1 through Sept. 30.

    Total public debt subject to limit Sept. 28 $20,167,793
    Statutory debt limit –Suspended–
    Total public debt outstanding Sept. 28 $20,203,669
    Operating balance Sept. 28 $164,398
    Interest fiscal year 2017 thru Aug $274,563
    Interest same period pvs fiscal year $257,688
    Deficit fiscal year 2017 thru Aug -$673,711
    Deficit same period pvs fiscal year -$619,092
    Receipts fiscal year 2017 thru Aug $2,966,172
    Receipts same period pvs fiscal year $2,910,151
    Outlays fiscal year 2017 thru Aug $3,639,882
    Outlays same period pvs fiscal year $3,529,243
    Gold assets in Aug $11,041

  7. On September 29, 2017 at 3:48 pm,
    CFS says:

    It is amazing to me that the US government cannot manage to run the country on $ 3 Trillion, but has to run over by $ 675 Billion.

  8. On September 29, 2017 at 3:52 pm,
    CFS says:

    THE SIGNS OF QUICKENING?

    At a conference in Australia on Friday, Musk said if you build a ship capable of going to the moon and Mars, why not use it for high-speed transport here at home. He proposes using his still-in-the-design phase rocket for launching passengers from New York to Shanghai in 39 minutes flat.
    Los Angeles to New York, or Los Angeles to Honolulu in 25 minutes. London to Dubai in 29 minutes.
    “Most of what people consider to be long-distance trips would be completed in less than half an hour,” Musk said to applause and cheers at the International Astronautical Congress in Adelaide.
    A seat should cost about the same as a full-fare economy plane ticket, he noted later via Instagram.

  9. On September 29, 2017 at 3:54 pm,
    Markedtofuture says:

    President’s top candidate to lead Fed knows all about gold market rigging

    President’s top candidate to lead Fed knows all about gold market rigging
    Submitted by cpowell on Fri, 2017-09-29 15:31. Section: Daily Dispatches
    11:36a ET Friday, September 29, 2017

    Dear Friend of GATA and Gold:

    President Trump’s top candidate for the next chairman of the Federal Reserve Board appears to be former board member Kevin M. Warsh, who has complained repeatedly about the Fed’s manipulation of markets and in 2009 revealed to GATA that the Fed has secret gold swap arrangements with foreign banks.

    According to news reports like this one from Bloomberg today —

    Warsh met Thursday with the president and Treasury Secretary Steven Mnuchin to discuss the Fed chairman’s job.

    http://www.gata.org/node/17681

  10. On September 29, 2017 at 4:32 pm,
    OOTB Jerry says:

    Kevin M. Warsh, is related to someone on the inside……..