Tim’s Tidbits 09.12.17

Trending: Apple $AAPL fans and investors eagerly await the 10th annual hardware event which is planned for today 10am pacific time. Watch Live on Apple's website.


Attendees will have the privilege of sitting in $14,000 luxury leather seats in the newly built Steve Jobs Theater. Since 2007, Apple's stock has traded negative 80% of the time on event days, however the following day the stock has traded positive 70% of the time.

Source: How Apple's stock usually trades around iPhone launches | CNBC

U.S. Politics: On September 8th President Trump signed a bill to deliver $15.2 billion in disaster aid for hurricane victims and also extended government funding and the federal borrowing limit until Dec. 8 

Source: Washington Post

Equities: On Monday, stocks jumped the most since April and the S&P 500 Index closed at record highs of 2,488 inching closer to the psychological milestone of 2,500. The VIX “fear gauge” saw its biggest decline in almost three weeks as financial and technology shares led the rally.

S&P 500 2500

Economics: The U.S. dollar fell against other major currencies last week and the Federal Reserve reiterated its stance that any interest rate increase will be delayed until there is confidence that inflation will rebound.

Commodities: Gold fell 1.1 percent on Monday to $1,335.70 an ounce and the SPDR Gold ETF $GLD dropped 1.3 percent. Year-to-date returns hover in the double digits for the precious metals ETF returning 15.1 percent. West Texas Intermediate rose 1.2 percent to settle at $48.07 a barrel

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