Martes 30/01/18 Indice de casas, confianza del consumidor

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LAST CHANGE % CHG
DJIA 26058.67 -380.81 -1.44%
Nasdaq 7392.86 -73.65 -0.99%
S&P 500 2821.77 -31.76 -1.11%
Russell 2000 1582.77 -15.34 -0.96%
Global Dow 3273.48 -33.56 -1.01%
Japan: Nikkei 225 23291.97 -337.37 -1.43%
Stoxx Europe 600 396.12 -3.68 -0.92%
UK: FTSE 100 7587

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LAST CHANGE % CHG
DJIA 26115.62 -323.86 -1.22%
Nasdaq 7410.24 -56.27 -0.75%
S&P 500 2826.82 -26.71 -0.94%
Russell 2000 1584.19 -13.91 -0.87%
Global Dow 3275.76 -31.28 -0.95%
Japan: Nikkei 225 23291.97 -337.37 -1.43%
Stoxx Europe 600 396.12 -3.68 -0.92%
UK: FTSE 100 7587

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LAST CHANGE % CHG
DJIA 26121.73 -317.75 -1.20%
Nasdaq 7410.93 -55.57 -0.74%
S&P 500 2826.98 -26.55 -0.93%
Russell 2000 1585.65 -12.45 -0.78%
Global Dow 3276.15 -30.89 -0.93%
Japan: Nikkei 225

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This stock market drop is about one thing: Fear of rising interest rates
Patti Domm | @pattidomm
Published 2 Hours Ago Updated 1 Hour Ago
CNBC.com
Stocks could be in for a 3 to 5 percent correction before dip buyers jump in to put a floor in the market, strategists say.
Stocks sold off on a jump in interest rates and a health-care deal between Amazon, J.P. Morgan and Berkshire Hathaway that analysts say could threaten margins of traditional health-care providers.
A 5 percent correction would be the biggest since the 5.3 percent decline around Brexit in June 2016.
Traders work on the floor of the New York Stock Exchange (NYSE).
Michael Nagle | Bloomberg | Getty Images
Traders work on the floor of the New York Stock Exchange (NYSE).
As the Federal Reserve meets, stocks are having a tantrum over rising interest rates that could lead to the deepest sell-off since the roughly 5 percent decline that followed the Brexit panic of 2016.
The S&P 500 was down 1.6 percent by Tuesday afternoon in its worst two-day pullback since August. Stocks were spooked by a quick jump in interest rates, which pushed the 10-year Treasury yield to 2.72 percent.


The Fed is not expected to raise interest rates at the two-day meeting that ends Wednesday, but it is expected to hike in March and at least two more times this year. Interest rates have been flying on rising expectations for inflation and the idea that central banks are moving away from easy policies, coinciding with plans by the U.S. government to issue a pile of new debt.
The U.S. government makes an announcement on its new Treasury auction sizes Wednesday morning, and that has the potential to drive interest rates even higher if there are any surprises. The Fed releases its statement Wednesday afternoon.
James Paulsen, chief investment strategist at Leuthold Group, said the market has been vulnerable due to high valuations, and now the interest rate rise adds pressure as investors look at alternatives in the higher yielding bond market.
"When you get a market that's facing several challenges, it's vulnerable, and anything can be the straw that broke the camel's back," he said.

The stock market was also dragged down Tuesday by a sell-off in health-care shares, triggered after the heavy hitting trio of Amazon, Berkshire Hathaway and J.P. Morgan Chase said they will partner to find a better, cheaper solution for their employees' health care. the health-care sector was the day's worst performer, down 2.1 percent.
The S&P 500 was down more than 1 percent at 2,822.
"I think this is your run of the mill, brief pullback that's limited to 3 to 5 percent," said Oppenheimer technical analyst Ari Wald.
The volatility of the past two days has been an unusual divergence, for a market that hasn't had a 3 percent pullback since the days before the presidential election in November 2016. The worst sell-off before that was the 5.3 percent decline after Britain voted to leave the European Union in June 2016.
"This market was so ahead of itself with extremes above various moving averages. Yesterday, the S&P sold off more than 0.6 percent, and that hasn't happened in 100 straight trading days. That's an all time record.," said Art Cashin, UBS' director of floor operations at the New York Stock Exchange.
Cashin said the Dow, which was down more than 400 points Tuesday, was hit hard by the sharp decline in UnitedHealth Group. "Once you see Amazon in an industry, everyone goes running for the hills. Amazon, by its nature, is seen as disruptive, and also by its nature, crushes margins," said Cashin.
Tom Lee, co-founder and head of research Fundstrat Global Advisors, said he wouldn't be surprised if the market sells off by several percent before investors buy the dip and take the market back up.
"I think that's very possible we could have 3 to 5 percent," he said. "It would definitely make people nervous but in the scheme of things, it's nothing. It would take January's gain down to 2 percent. ... I think it's good for rates to go up because it creates reflation expectations which is good for nominal growth."
Lee said the increase in inflation expectations is impacting yields, but the actual core PCE deflator for prices, watched by the Fed, is just 1.5 percent, a half percent below the Fed's target.
"Interest rates are going up, but it's not because of the Fed. It's basically that we're moving away from a negative rate world. It's not the most unhealthy change to start pricing in higher interest rates," he said.
In that environment, he said banks would do well but, high multiple tech is vulnerable. "Value is basically an inflation trade anyway," he said. "It's a big signal for value stocks. It's telling you that growth stocks are little more vulnerable if we start seeing rising interest rates."
Wald said the market is not showing signs of stress that would make for a larger correction. "I'm making the case the pullback gets bought and it's followed by higher highs," he said.
Wald said the S&P could get to the 50-day moving average at 2,700 but could turn around before that. "We think the assumption is the bull market is intact and the pullbacks are a buying opportunity," he said.

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Trump advisor Cohn: President to focus on $1.5 trillion infrastructure plan in State of the Union
Jeff Cox | @JeffCoxCNBCcom
Published 7 Hours Ago Updated 7 Hours Ago
CNBC.com
Trump's State of the Union speech will include a $1.5 trillion infrastructure plan, Gary Cohn tells CNBC.
"More importantly, he's going to talk about streamlining the approval process on infrastructure," Cohn says.
Trump delivers the speech at 9 p.m. ET Tuesday.
PLAY VIDEO
Gary Cohn
President Donald Trump, in his State of the Union speech Tuesday, plans to discuss a $1.5 trillion infrastructure improvement plan, White House economic advisor Gary Cohn told CNBC.
Fresh off a victory on a tax reform plan that Congress approved in December, the president next wants to focus on rebuilding the nation's aging system of highways, transportation and other public works facilities.
In an interview on "Squawk Box," Cohn called infrastructure "the next leg of the stool in our economic agenda."

"He's going to talk about a trillion and a half dollars of investment, but more importantly, he's going to talk about streamlining the approval process on infrastructure," Cohn said. "Right now, we have an infrastructure approval process that takes seven to 10 years to build relatively simple roads. We need to streamline that to less than two years."
PLAY VIDEO
CEA's Gary Cohn: President Trump will likely continue what he said at Davos
Cohn added that Trump might even suggest getting the process down to less than one year.
Trump thus far has overseen a sharp uptick in economic activity, with GDP growth expected to be around 3 percent for the second year of his term. Other areas, though, particularly wage growth and productivity, remain weak.
Adopting an aggressive infrastructure program would help bring up some of the lagging parts of the economy, Cohn said.
"I think we all know how important infrastructure is to this country and how it is holding back economic growth and it's holding back productivity," he said. "When you look at some of the economic data, the one number that people pick on is productivity. We need more productivity growth. Our infrastructure and building our infrastructure and rebuilding our infrastructure can clearly lead to productivity growth in this country."
Cohn, the former chief operating officer of Goldman Sachs, is director of the National Economic Council

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Las ventas de casas subieron 0.7%
https://www.bloomberg.com/markets/economic-calendar

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La confianza del consumidor subió
https://www.bloomberg.com/markets/economic-calendar

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Subo la confianza del inversionista
https://www.bloomberg.com/markets/economic-calendar

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LAST CHANGE % CHG
DJIA 26077.65 -361.83 -1.37%
Nasdaq 7402.48 -64.02 -0.86%
S&P 500 2822.47 -31.06 -1.09%
Russell 2000 1585.34 -12.77 -0.80%
Global Dow 3273.32 -33.72 -1.02%
Japan: Nikkei 225 23291.97 -337.37 -1.43%
Stoxx Europe 600 396.12 -3.68 -0.92%
UK: FTSE 100 7587

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