Finance Day in the Market Presentation

DAY IN THE MARKET

November 19th, 2015Samy Djouder & Anthony

Toupin

November 19th Outline

Market Focus

Jobless Claims

Philadelphia Fed

Consumer Index

Gas Report

Fed Balance Sheet

T-Bill

EUR/USD

Commodities Money Supply

“Initial jobless claims will offer a sample-week to sample-week comparison with the November employment report, and a third straight high reading could lower expectations for the report. And check out the new 8:30 slot for the Philly Fed!”

Market Focus

If Jobless claims

Employment Report& Economy

Jobless Claims

LABOR MARKET CONDITIONS UP / STOCK AND BOND MARKET HEALTHIER

- 1,84%

New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smooths out weekly volatility.

Definition

Philadelphia Fed

LOW TO MODERATE ECONOMIC GROWTHCORPORATE PROFIT UP / BOND MARKET UP

The general conditions index from this business outlook survey is a diffusion index of manufacturing conditions within the Philadelphia Federal Reserve district. This survey, widely followed as an indicator of manufacturing sector trends, is correlated with the ISM manufacturing index and the index of industrial production.

Definition

Bloomberg’s Consumer Comfort Index

CONSUMER SPENDING DOWN / ECONOMIC DECAY

-0,97%

The Bloomberg Consumer Comfort Index is a weekly, random-sample survey tracking Americans' views on the condition of the U.S. economy, their personal finances and the buying climate.

Definition

Gas ReportNatural gas in storage rose 15 billion cubic feet in the November 13 week to 4,000 bcf.

The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S. and three regions of the country. The level of inventories helps determine prices for natural gas products.

Definition

T-Bill Announcement

3 Month Announcement 6 Month Announcement

T-Bill Announcement

3 Month Announcement 6 Month Announcement

% Change 3 Month T-Bill Date 28 2015

16,67% 24 2014-12,50% 32 2013-12,50% 32 2012

-3,45% 29 2011

Average

$29.25B

Actual

$28B

In Billion$

<

-4.27%

% Change 6 Month T-Bill Date 26 2015

-7,14% 28 2014-7,14% 28 2013-7,14% 28 2012-3,70% 27 2011

Average

$27.75B

Actual

$26B <

-6.31%

In Billion$

Yield Curve

0 5 10 15 20 25 30 350

0.5

1

1.5

2

2.5

3

3.5

Yield Curve versus 1 Day versus 1 Month

11/19/15 11/18/15 10/19/15

Compared to the day before:US Treasury price Long term Yields

Compared to one month before:US Treasury price Yields

Yield (%)

Time to Maturity

Fed Balance Sheet-0,11%

The Fed's balance sheet is a report showing factors supplying reserves into the banking system and factors absorbing (using) reserve funds.

Definition

Money Supply

MONEY SUPPLY DOWN / INTEREST RATE UP

The monetary aggregates are alternative measures of the money supply by degree of liquidity. Changes in the monetary aggregates indicate the thrust of monetary policy as well as the outlook for economic activity and inflationary pressures.

Definition

Currency : EUR/USDMost important 24 hours this year in volatility percentage change.

Speculation about December 3 hat the BCE may announce further monetary stimulus, making the Dollar getting weaker.

Commodity : Gold

PRICE OF SAFE INVESTMENT UP

As the Dollar weakened, gold became more affordable for foreign buyers causing an increase in demand and therefore a spike in price, which was out of 5 years low the day before.

Stock Market : Overview

17,732.75 / -4.41pts / -0.02%

2,081.24 / -2.34pts / -0.11%

5,073.64 / -1.56pts / -0.03%

Low

Stock Market : Focus on United Health

Because of too much loss due tothe Obamacare plan, rumors said thatUnited Health (the most importantpersonal insurer in the US) could drop out of the Obamacare program, makingit lost 550,000 subscribers.

-5,65% in 1 day !!

Market MapUnited Health

Market OverviewS&P 500, November 19th

Philadelpha Fedincrease+ Gold rush

BloombergConsumer indexdecrease

T-Bill Announcement

Thank you for listening !