US index ... by K.M.

[H. LEIN]

Hi !! ... Os dejo el reporter de hoy de K. Matras,  en donde, entre otras cosas, alerta sobre el importante dato de empleo usa de mañana,  q. probablemente sea el catalizador final de mercado .... si sorprende positivamente es muy probable ver por encima de los  30.000 al dow en breve,   pero si no sorprende y simplemente es lo esperado (o menor), lo probable es q. los indicadores técnicos se relajen contra precio .....
Saludotes !!.

 Stocks Soar On Jobs, Earnings, And Hope The Worst Of The Coronavirus Is Behind Us

The markets soared again yesterday on the strong economy, strong earnings, and hope that a breakthrough for the coronavirus is nearby.

Stocks were already trending higher in the pre-market yesterday as traders continued to cheer China's 1.7 trillion yuan stimulus package.

Traders were also growing optimistic that the worst of the coronavirus outbreak might soon be coming to an end. With reports of a vaccine almost ready, and a better understanding of how to treat the virus, the markets appeared to be looking toward what the economic recovery would look like once the travel restrictions and other measures are lifted.

Then stocks got an even bigger boost when the ADP Employment Report estimated the U.S. economy added 291,000 private payroll jobs last month, blowing well past the consensus for 'just' 154,000.

That, of course, bodes well for Friday's official Employment Situation report released by the Bureau of Labor Statistics. The consensus for the BLS report is for 158,000 (150K in the private sector and 8K in the public), which is very similar to ADP's estimate. If Friday's employment numbers can positively surprise like yesterday's did, that would be nothing short of a blowout.

Adding to yesterday's bullish tone was a positive MBA Mortgage Applications report. The composite index rose 5% w/w, to the highest level in nearly 7 years. And while the purchase component was off -10.0% (analysts chalked that up to a lack of supply), the refinance index jumped 15.0% as mortgage rates continued to fall.

We also saw better than expected numbers from the PMI Services Index which came in at 53.4 vs. last month's 52.8 and views for 53.2; and from the ISM Non-Manufacturing Index which came in at 55.5 vs. last month's 55.0 and views for 55.2.

Today we'll get another look at the jobs market with the Weekly Jobless Claims, and the Challenger Job-Cut Report.

But, again, the jobs report the market is really waiting for is Friday's Employment Situation report.

In the meantime, we'll get more earnings today (this earnings season has been strong), and hopefully more promising news on the coronavirus.

Interestingly, just a few short weeks ago, many were fearing that the coronavirus was going to put an end to this record bull market. But instead stocks are making new all-time highs.

[H. LEIN]

Stocks Hit New All-Time Highs, Jobs Report On Deck

Stocks closed solidly higher again yesterday, making new record highs in the process. And all of the major indexes are on pace for a sharply higher weekly gain.

It's been a big week for stocks so far.

Earnings continue to roll in, and it's been a strong earnings season.

While the coronavirus is still causing concern around the world, traders are growing optimistic that the worst of the outbreak might soon be coming to an end with reports of a vaccine almost ready, and a better understanding of how to treat the virus.

China, who has been hit the hardest during all of this, including economically, pumped 1.7 trillion yuan (the equivalent of $242.7 billion U.S. dollars) into their economy. This not only lifted Chinese stocks, but also U.S. stocks, and markets worldwide.

China also announced yesterday that they would be reducing tariffs on $75 billion of U.S. goods starting Feb. 14th. The U.S. has previously announced a reduction in tariffs on $120 billion of Chinese goods, also beginning on Feb. 14th. Both of these moves are in accordance with phase one of the U.S.-China trade deal that was just signed. But with some worrying that China would not follow through on their commitments, yesterday's announcement lends new credibility that they indeed will fulfill their pledge to buy $200 billion worth of American products over the next two years.

We got a slew of better than expected economic reports, including increases in manufacturing, services, housing, and jobs.

And stocks soared on all of it.

Today we'll get another look at the jobs market with the official Employment Situation report this morning. The consensus is calling for 158,000 new jobs (150K in the private sector and 8K in the public), with the unemployment rate staying the same at 3.5% (a 50-year low). But after Wednesday's blowout ADP report, which estimated 154K new jobs, but then reported 291K instead, expectations are high for this morning's report.

Either way, it's been a spectacular week so far.

And if all goes well today, it will finish up that way too.