F on Friday, 14 Jun 2013

[wijram]

Think Tank & All~

Not sure which way the markets are going to go today.

Here is some of the news that shaped the day so far.

Inflation up, but contained primarily to food and energy
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Producer Price Index
Released On 6/14/2013 8:30:00 AM For May, 2013

Prior Cons Cons Rnge Actul
PPI - M/M -0.7% 0.2% -0.3%to0.5% 0.5%
PPI -Yr/Yr 0.7 %
1.8%
PPI lfd&enrgy - M/M 0.1 % 0.1% 0.0%to0.2% 0.1%
PPI lfd&enrgy - Yr/Yr 1.7 % 1.6%

Highlights
Headline PPI inflation rebounded significantly more than expected
due to both higher energy and food inflation. The core rate remained
soft. The May producer price index posted a 0.5 percent increase after
falling 0.7 percent prior month. Expectations were for a 0.2
percent rise. The core rate, which excludes both food and energy, held
steady at 0.1 percent and matching the consensus forecast.

Food price rebounded 0.6 percent after falling 0.8 percent in
April. Accounting for over sixty percent of the increase, prices for
eggs for fresh use surged 41.6 percent. A rise in the index for
natural, processed, and imitation cheese also contributed to the
advance in the finished consumer foods index.

Energy increased 1.3 percent, following a decline of 2.5 percent.
Gasoline made partial recovery, rising 1.5 percent after dropping 6.0
percent in April. Residential natural gas and residential electric
power also gained in the latest month.

Nearly two-thirds of the May advance can be traced to prices for
light motor trucks, which rose 0.4 percent.

For the overall PPI, the year-ago rate jumped to 1.8 percent from
0.7 percent in April (seasonally adjusted). The core rate nudged down
to 1.6 percent from 1.7 percent. On a not seasonally adjusted basis
for May, the year-ago headline PPI was up 1.7 percent, while the core
also was up 1.7 percent.

Headline inflation was up notably but some of the component gains
were narrowly based. Core inflation remains modest. The Fed probably
will not be affected by this PPI reading but next week's CPI report on
Tuesday could affect the FOMC statement on Wednesday and FedSpeak,
including Wednesday's press conference by Fed Chairman Ben Bernanke.
----

[wijram]

Think Tank & All~

Sorry for the formatting on the early post.

Here is another economic report - regarding the Current Account. In a
nutshell, the deficit is smaller than expected!

----
Current Account
Released On 6/14/2013 8:30:00 AM For Q1:13
Prior
Prior Revised Consensus
CurAcc $-110.4B $-102.3B $-111.2B

Consensus Range Actual
$-117.8B to $-105.0B $-106.1B

Highlights
The nation's current account deficit for the first quarter came in at
a smaller-than-expected $106.1 billion. This is more than $5 billion
below the Econoday consensus but is above the $102.3 billion deficit
in the fourth quarter which is now, after annual revisions and
reclassifications, revised sharply lower from the initial reading of
$110.4 billion. The deficit on goods & services narrowed slightly in
the first quarter but was offset by a smaller surplus in the balance
on income and a wider deficit on unilateral transfers. The current
account as a percentage of GDP is up 1 tenth to 2.7 percent.
----

[wijram]

Think Tank & All~

My numbers for the day:

O: $15.55
H: $15.71
L: $15.42
C: $15.64

[in...@eagleconnector.com]

O	-	$15.57
H	-	$15.63
L	-	$15.41
C	-	$15.49
John

[notsorichbob]

O  -  15.57
H  -  15.72
L  -  15.41
C  -  15.49

[notsorichbob]

Sure looks like John and I are on the same page in the hymn book, now if only I could carry a tune

[in...@eagleconnector.com]

Notsorichbob - I was thinking the same thing when I saw your numbers.  Very similar to Wijram's numbers as well.  I will hope for your highs, sell, and buy back at our closing numbers.

 

John 

[wijram]

Think Tank & All~

Have a little time, so going to try to get us caught up on the results
we've been having in the daily game. Results for the last three days
posted below. Hope the formatting holds!
----
Results for Tuesday, 11 June

nsrb took the day by narrowly beating out John. Both had two bests
predictions, but nsrb took the field with the lowest total variance,
winning that in a rather convincing manner!

Congrats, my friend!

nsrb John wijram Actual
O: $15.52* $15.52* $15.51 $15.52
H: $15.76 $15.67* $15.56 $15.68
L: $15.46* $15.11 $15.29 $15.40
C: $15.65 $15.34 $15.41* $15.51
v: $ .28* $ .47 $ .60


----

Results for Wednesday, 12 June

nsrb scores again as the winner for the day with two wins (Best Open
and Best HIGH), narrowly beating out John who had the Best CLOSE and
the lowest total variance!

Congratualtions again, nsrb!


nsrb John wijram Actual
O: $15.63* $15.65 $15.61 $15.63
H: $15.77* $15.78 $15.79 $15.71
L: $15.54 $15.55 $15.53* $15.31
C: $15.73 $15.68* $15.75 $15.37
v: $ .65 $ .64* $ .72

----

Results for Thursday, 13 June

After several days of less than exciting results, the Old Relic comes
through with the narrowest of wins over John. Both won two classes
(John with the Best HIGH and the BEST CLOSE) while wijram also won two
classes (Best OPEN and Best LOW). But wijram's total variance was ONE
cent better than John's in the tie-breaker.

Thanks, wijram, for showing that the elderly can still....

nsrb John wijram Actual
O: $15.35 $15.36 $15.31* $15.31
H: $15.51 $15.60* $15.53 $15.60
L: $15.28 $15.31 $15.22* $15.18
C: $15.47 $15.57* $15.51 $15.58
v: $ .34 $ .19 $ .18*

----

[in...@eagleconnector.com]

Guys - I am changing my outlook.  I fear we my re-test recent lows.

 

John

[wijram]

Hey John~

Methinks you may VERY well be right on that one.



On Jun 14, 9:39 am, "in...@eagleconnector.com"