2018 Economic Calendar
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Market Reflections  

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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