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TradeTheNews.com US Mid Market Update: Stocks continue to rebound on signs/hopes of stabilizaton   
Thu, 18 Dec 11:11 AM EST/04:11 PM GMT
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Economic Data
- (IL) Israel Oct Manufacturing Production M/M: -1.2 v +0.8% prior
- (PT) Portugal Nov PPI M/M: -0.6 v -0.7% prior; Y/Y: -1.1% v -1.2% prior
- (RU) Russia Gold and Forex Reserve w/e Dec 12th: $414.6B v $416.2B prior
- (US) Initial Jobless Claims: 289K v 295Ke; Continuing Claims: 2.373M v 2.44Me
- (BE) Belgium Dec Consumer Confidence Index: -12 v -14.0 prior
- (MX) Mexico Oct Retail Sales Y/Y: 5.6% v 4.3%e
- (US) Dec Preliminary Markit Services PMI: 53.6 v 56.3e ; Composite PMI: 53.8 v 56.1 prior
- (US) Dec Philadelphia Fed Business Outlook: 24.5 v 26.0e
- (US) Nov Leading Index: 0.6% v 0.6%e
- (US) Weekly EIA Natural Gas Inventories: 64 bcf vs. -59 to -63bcf expected range

- US stocks continue to rebound aggressively as yesterday's post FOMC buying has followed through into today. Many are looking to place the equity markets performance at the feet of the fed, but it is more likely largely attributable to stabilization in several of the undercurrents that have plagued investor appetite recently. In the end the FOMC statement cemented expectations that Fed remains on course for a mid-2015 lift off, and at the very least, not to expect any type of hawkish surprise in the first quarter. US interest rates remain higher and the back-up remains more pronounced at the long end leading to general steeping along the US Treasury curve. The 2-10 yield spread has widened another 5 basis points on the day to 1.58%. Gold prices have stabilized around the $1200 mark. The Dow and the S&P are up 1.2% while the NASDAQ has gained 1.4%. ...
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