2018 Economic Calendar
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Market Reflections  

Highlights
January 9, 2018
Job openings edged lower in today's JOLTS report which, much like last week's moderate gain in December's payrolls, hints at slowing for what is nevertheless a very strong jobs market.

Stocks were mostly flat though the Dow, ending at a record 25,385, did post a solid gain of 0.4 percent driven by Boeing which announced strong full-year orders and deliveries.

Also strong is the momentum in oil which is breaking higher, up more than $1 and now testing a multi-year high at $63. Demand for bonds eased after the Bank of Japan said it may be lowering its direct bond purchases. The 10-year U.S. Treasury yield rose a sharp 7 basis points to 2.55 percent. The dollar rose only slightly, up 0.2 percent to 92.50.


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