Friday, 4 January 2013

US economical reports are strong this month so far

Dear Friends,

We do not expect the market to drop much given the strong economical reports data this month. On Wed, ISM report reflected a figure better than the analyst's expectations. On Thursday, the ADP employment report, the actual figure is tremendously good with 215K compared to 134K. Like what we expected in the previous article, the jobs report should be good this month.


Although the ADP results is considered fabulous, as yesterday DOW rises too much, more than 300 points, it is normal that now DOW is only up by 16 points.

We are looking forward to a better than expected non farm payroll 2moro, Friday. This probably might propel the market forward a bit. But bear in mind it is Friday. Expect some investors to take profits going into the afternoon session.

Next week is the start of the earnings season with Alcoa giving its earnings results on 8th Jan 2013. Like what we mentioned, we expect companies to be doing well for this quarter earnings.

Hence we are maintaining our view that the US market will sustain its good run in january.

Regards
Daniel
www.danielloh.com


Radio FM958访谈 2018年11月15日:世界股市展望 - 现在是熊市吗?

·         美国 股市担心苹果业绩,巴菲特却大胆投资! 道琼斯昨晚闭市在 25080 ,掉了 205 点。在这 10 月 11 月道琼斯的波动都相当大。有很多投资朋友开始怀疑熊市是不是已经来临了。我的答案是还没有。这个跌幅反而是好时机进场。大家不用太担心。 ...