Words found in filings before filing for Chapter 11
Archives of “May 20, 2020” day
rssJapan – Core Machinery Orders for March -0.4% m/m (expected -6.7%)
Not as bad as expected, data from Japan – Core Machinery Orders for March
-0.4% m/m
- expected -6.7%, prior 2.3% m/m
-0.7% y/y
- expected -8.6%, prior -2.4% y/y
A capex indicator for Japan in the months ahead. The data point is a volatile one.
Reuters Tankan (May) – Business sentiment hits decade lows
Reuters report on their monthly Tanakn survey for May 2020:
- slump in Japan business mood deepens, hits decade lows again on coronavirus woes
Manufacturers index -44 in May vs -30 in April, falls to lowest level since June 2009
- non-manufacturers index -36 vs -23 … lowest level since Dec 2009
Manufacturers august index seen at -51
- non-manufacturers -48
The BOJ easy money policy is firmly entrenched, such a dire outlook in Japan. The extent you use central bank policy to assist your currency view, bearish yen.
Private oil inventory survey data shows a surprise draw
This is the private survey of inventories, official data is Wednesday morning (US time).
Another build was the expected but that is not the case, its a drawdown of oil stock according to the private survey.
WTI oil (CL contract) has popped in price on the announcement of the survey result
US major indices snatch defeat from the jaws of victory
Major indices move lower on the day after Moderna results questioned by the scientific community
The US stocks were trading near session highs heading into the last hour of trading
The S&P index was near 2964.21. The NASDAQ index was making new session highs at 9317.25. Then there was a report from STAT that questioned the results from the Moderna coronavirus test results. Stocks moved lower, and the major indices snatched defeat from the jaws of victory.
Suddenly there is a look or feel as good as it used to.
A final look at the numbers are showing:
- S&P index -30.97 points or -1.05% at 2922.94
- NASDAQ index -49.72 points or -0.54% at 9185.10
- Dow -390.51 points or -1.59% at 24206.84.
Some losers today included:
- Wells Fargo, -5.67%
- FedEx -3.75%
- Boeing -3.63%
- Charles Schwab -3.57%
- Gilead -3.28%
- Procter & Gamble, -3.25%
- Chevron -3.24%
- Bank of America -3.14%
- Exxon Mobil, -3.11%
- PNC financial -2.88%
- Citigroup, -2.7%
- Home Depot, -2.61%
Some winners today included:
- Beyond meat, +4.62%
- square, +3.39%
- Southwest Airlines, +2.29%
- Slack, +2.28%
- Facebook, +1.76%
- AMD, +1.5 and present
- Adobe, +1.22%
- Chipotle, +1.09%
- AliBaba, +0.94%
Walmart which traded as high as 131.99 1 better earnings and revenue before the opening, is closing down at 124.87. That is down -2.19%.
Thought For A Day
