December 1 – 17
North Pole Limited Santa Train
Celebrate the holidays aboard the North Pole Limited for a 90-minute holiday ride. Santa’s Elves will serve cookies and hot chocolate, lead a sing-along of traditional Christmas carols and read a famous Christmas train story as the Limited rockets toward the North Pole and Santa’s Workshop where Santa Claus will board the train and visit with all the children. The Elves invite the children to wear their pajamas and dress warmly. Ride Times: 5:00 pm - 6:30 pm or 7:00 pm - 8:30 pm according to date. Location: Pacific SouthWest Railway Museum, Hwy 94 & Forrest Gate Rd., Campo For more information visit www.psrm.org |
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December 2
Coronado Christmas Parade
Santa arrives by ferry at the Coronado Ferry Landing. A festive parade along Orange Avenue follows. Santa lights the 75-foot star pine Christmas tree located in the center of town as the community band plays holiday music. Snow Mountain is open from 3:00 to 8:00 pm. The evening finishes with 2 concerts at 2 different locations. Time: 3:00 pm – 8:00 pm Location: Ferry Landing Marketplace, Coronado For more information visit www.coronadovisitorcenter.com |
December 2011 San Diego Events
Financial Market Update
This Week; interest rates are opening weaker on Monday with stocks rallying on better than expected Holiday shopping on Black Friday and the rest of the weekend. We continue to believe that US interest rates are about at their lows when the 10 yr moves below 2.00% as it did last week. Europe continues to play a role in the global bond markets however unless there is an actual default in Greece or Italy markets appear to have discounted the problems in the region; until more negative news unfolds the bond market will be focused more on domestic issues.
This week has a number of key data points beside the daily report on retail sales this holiday season. Monday we get new home sales for Oct (expected generally unchanged). Tuesday Nov consumer confidence. Wednesday ADP report on non-farm private jobs, Nov Chicago purchasing mgrs index, Sept pending home sales, and the Fed's Beige Book. Thursday weekly claims, the ISM manufacturing index for Nov. Friday the Nov employment report (non-farm jobs +118K, non farm private jobs +133K and the unemployment rate at 9.0% unch frm Oct).
As long as there is nothing consequential from Europe this week will be about equity markets and that sector will focus closely on any report on retail sales. Prior to this weekend analysts were generally expecting weaker sales this year than last year. Based on the momentary optimism the current view is that sales may exceed last year's sales pace. The bellwether 10 yr note will be testing its key moving averages through the week with MBSs moving with it as is the norm.
TBWS
This week has a number of key data points beside the daily report on retail sales this holiday season. Monday we get new home sales for Oct (expected generally unchanged). Tuesday Nov consumer confidence. Wednesday ADP report on non-farm private jobs, Nov Chicago purchasing mgrs index, Sept pending home sales, and the Fed's Beige Book. Thursday weekly claims, the ISM manufacturing index for Nov. Friday the Nov employment report (non-farm jobs +118K, non farm private jobs +133K and the unemployment rate at 9.0% unch frm Oct).
As long as there is nothing consequential from Europe this week will be about equity markets and that sector will focus closely on any report on retail sales. Prior to this weekend analysts were generally expecting weaker sales this year than last year. Based on the momentary optimism the current view is that sales may exceed last year's sales pace. The bellwether 10 yr note will be testing its key moving averages through the week with MBSs moving with it as is the norm.
TBWS
Happy Thanksgiving
Joy...
Happiness...
Health...
All these and many more are my wishes for you and those close to you!
Happy Thanksgiving...
Best Regards and Aloha,
Jeremiah Moersch, Team Leader for The Moersch Team
Happiness...
Health...
All these and many more are my wishes for you and those close to you!
Happy Thanksgiving...
Best Regards and Aloha,
Jeremiah Moersch, Team Leader for The Moersch Team
Financial Market Update
This week has little economic data but Treasury will sell $72B in note and bonds in its quarterly refunding on Tuesday through Thursday. The mess in Europe continues to be the dominant influence on US markets; over the weekend Greece politicians agreed to form a new government with Papandreou stepping down. A new government likely won't change much though; Greeks will still be required to accept vey serious cuts in spending that will impact more jobs and higher taxes in order to get more money frm the EU, IMF, EFSF, and ECB. Next up in the euro contagion, Italy; Berlusconi’s majority is unraveling before a key parliamentary vote tomorrow on the 2010 budget report after contagion from Europe’s sovereign debt crisis pushed the country’s borrowing costs to euro-era records. Debt problems in Europe will not go away for a very long time, if ever----without defaults.
About the only economic release this week that will get attention is Thursday's weekly jobless claims currently expected to be up 3K to 400K; claims in the past six weeks have been hovering at 400K to 412K. Monday afternoon Sept consumer credit, a report we monitor closely, but doesn't get a lot of direct attention from traders; in August credit declined $9.5B, Sept is expected up $5.0B.
The 10 yr note and MBSs are both at pivotal levels; both testing their respective 20 and 40 day averages and both RSIs are at neutral levels. The 10 yr continues to struggle at 2.00% unable to move below it but equally unable to increase. Safety movement into US treasuries is keeping US rates from increasing while there is increasing conviction that the economy is improving
TBWS
About the only economic release this week that will get attention is Thursday's weekly jobless claims currently expected to be up 3K to 400K; claims in the past six weeks have been hovering at 400K to 412K. Monday afternoon Sept consumer credit, a report we monitor closely, but doesn't get a lot of direct attention from traders; in August credit declined $9.5B, Sept is expected up $5.0B.
The 10 yr note and MBSs are both at pivotal levels; both testing their respective 20 and 40 day averages and both RSIs are at neutral levels. The 10 yr continues to struggle at 2.00% unable to move below it but equally unable to increase. Safety movement into US treasuries is keeping US rates from increasing while there is increasing conviction that the economy is improving
TBWS
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