Posts Tagged ‘Trump ‘s “Wall”’

Week of Feb 10 2017 Weekly Recap & The Week Ahead

Monday, February 13th, 2017

“In matters of style, swim with the current; in matters of principle, stand like a rock.” — Thomas Jefferson

1. Trump Border Wall Could Cost $21.6B — President Trump’s “wall” along the U.S.-Mexico border would be a series of fences and walls that would cost as much as $21.6B, and take more than three years to construct, based on a U.S. Department of Homeland Security internal report. The price tag is much higher than a $12B figure cited by Trump in his campaign and estimates of as high as $15B from Republican Congressional leaders. Companies that might benefit from “Trump Border Wall” include: ACM, CX, CXW, EXP, FLIR, FLR, GEO, GVA, KBR, MLM, NUE, STLD, SUM, TPC, TTEK, USCR, USG, VMC, WMS, X.
2. Army Corps Will Give Easement For Dakota Access Pipeline — the U.S. Army will grant the final permit for the controversial Dakota Access oil pipeline after an order from President Trump to expedite the project despite opposition from Native American tribes and climate activists. It would allow the final section of the line to tunnel under North Dakota’s Lake Oahe, part of the Missouri River system, enabling the $3.8B pipeline to begin operations as soon as June.
3. China Forex Reserves Fall Below $3T — China’s foreign exchange reserves have dropped below the $3T level for the first time since 2011, marking the seventh straight monthly decline as capital continues to flow out of the world’s second-largest economy. Data from the PBOC showed reserves falling by over $12B in January, despite government efforts to tighten capital movement controls and stabilize the yuan’s exchange rate.
4. S&P500 Intra-Day Moved Within 1% Set Record Since Dec 14 — the S&P 500 (NYSEARCA:SPY) hasn’t had a 1% intraday move since December 14. Chart below courtesy of Charlie Biello.

The week ahead — Economic data from Econoday.com:

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