By the numbers: Stock market collapses on Christmas Eve, heads for worst December ever

Image result for By the numbers: Stock market collapses on Christmas Eve, heads for worst December everThe stock market is ending the year on quite the ugly note. Here is where we stand statistically:

MAJOR INDEXES:

  • S&P 500 closed down -2.71% Monday for its seventh negative day in 8 and its worst day since Dec. 4, when the S&P lost -3.24%
  • Until Monday, the Dow & S&P 500’s worst Christmas Eve ever was back in 1985, when they fell 0.63% and 0.69%, respectively
  • S&P hit a new 52-week low Friday of 2,351.10, its lowest level back to April 2017
  • MTD: S&P is down -14.82% on pace for its worst December ever back to back-tested inception in 1928, with the next worst December in 1931 when the S&P lost -14.53%, and its worst month since October 2008 when the S&P lost -16.94%
  • YTD: S&P is down -12.06% in 2018 on pace for its worst year since 2008 when the S&P lost -38.49%
  • Since Record: S&P is 20.06% below its intraday all-time high of 2,940.91 from Sept. 21 closing in bear market levels
  • The CBOE Volatility Index VIX hit a high so far today of 36.10, its highest level since Feb. 9, when the VIX hit a high of 41.06
  • Russell 2K small caps closed down -1.95% today for their 13th negative day in 14, hitting a new 52-week low today of 1,266.92
  • MTD: Small caps are down -17.37% MTD on pace for their worst month since October 2008, when small caps lost -20.90%
  • YTD: Small caps are down -17.49% YTD on pace for their worst year since 2008, when small caps lost -34.8%
  • Since Record: Small caps are 27.28% below their intraday all-time high of 1,742.09 from Aug. 31, closing in bear market levels
  • Dow closed down -2.91% today for its sixth negative day in 7 and its worst day since Dec. 4, when the Dow lost -3.1%
  • MTD: Dow is down -14.67% MTD, on pace for its worst month since Oct. 10, 2008, when the Dow lost -18.15% and on pace for its worst December performance since 1931, when the Dow lost -17.01%
  • YTD: Dow is down -11.84% in 2018, on pace for its worst year since 2008 when the Dow lost -33.84%
  • The Dow hit a new 52-week low today of 21,792.20, its lowest level since September 2017
  • Since Record: Dow is 19.14% below its intraday all-time high of 26,951.81 from Oct. 3, closing in correction levels
  • NASDAQ closed down -2.21% today for its seventh negative day in 8
  • MTD: NASDAQ is down -15.52% on pace for its worst month since October 2008, when the NASDAQ lost -17.73%
  • YTD: NASDAQ is down -10.29% YTD, on pace for its worst year since 2008, when the NASDAQ lost -40.54%
  • The NASDAQ hit a new 52-wk low today of 6,190.17, its lowest level back to August 2017
  • Since Record: NASDAQ is 23.9% below its intraday all-time high of 8,133.3 from Aug. 30, closing in bear market levels

SECTORS:

  • Sectors: 11 out of 11 sectors were negative today, led by Utilities down -4.27%, turning in their worst day since Aug. 8, 2011, when the sector lost -5.47%
  • 10 out of 11 sectors closed in correction levels or worse today:
  • Energy — 31.24% below their May 21 52-week high, closing in bear market levels
  • Materials — 26.15% below their Jan. 26 record close, closing in bear market levels
  • Financials — down 26.09% from their Jan. 26 52-week high, closing in bear market levels
  • Industrials — 25.23% below their Jan. 26 record close, closing in bear market levels
  • Tech — 24.13% below their Oct. 3 record close, closing in bear market levels
  • Consumer Discretionary — 22.99% below their Sept. 27 record close, closing in bear market levels
  • Communication Services — 22.61% below their Feb. 1 52-week high, closing in bear market levels
  • Consumer Staples — down 17.29% from their Jan. 26 52-week high close
  • Health Care — down 15.63% from its Oct. 1 record close
  • Real Estate — down -12.76% from its 52-week closing high
  • The least negative sector today was Communication Services — down -2.02% today
  • Sectors MTD: 11 out of 11 sectors are negative MTD, led by Energy down -18.1% on pace for its worst month ever through our history back to 1998, the next worst month is October 2008, when Energy lost -18.01%
  • The least negative sector MTD is Utilities, down -6.76%
  • Sectors YTD: 11 out of 11 sectors are negative YTD, led by Energy, down -25.31% YTD
  • Note all the S&P sectors have not closed in negative territory for the year since 200
  • The most positive sector YTD is Utilities, down -2.1%, closely followed by Health Care, down -2.31%

OTHER MARKETS:

  • Gold (FEB) has hit a high so far today of 1,273, its highest level since Jun. 25, when gold traded as high as 1,274.4
  • WTI (FEB) has hit a low so far today of 44.10, its lowest level since July 11, 2017, when WTI traded as low as 43.83
  • MTD: WTI is down -13.37%, on pace for its third straight negative month for the first time since June 2017 and its 4-month losing streak
  • QTD: WTI is down -39.82%, on pace for its worst quarter since Q4 2014, when WTI lost -41.56%
  • YTD: WTI is down -27.06% on pace for its worst year since 2015, when WTI lost -30.47%
  • Brent (FEB) has hit a low so far today of 51.83, its lowest level since Aug. 31, 2017, when Brent traded as low as 50.56
  • Dollar index is trading down -0.48%, on pace for its third negative day in 4
  • MTD: Dollar index is down -0.80%, on pace for its first negative month in 3
  • YTD: Dollar index is up 4.74%, on pace for its fifth positive year in 6
  • US 2-year note yielding 2.5927% vs last Friday’s close of 2.643%, hitting a low today of 2.589%, its lowest level since Aug, 22, when the 2-year yielded as low as 2.587%
  • US 5-yr note yielding 2.5927%, yielding about equal to the 2-year at 2.5927%

[“source-cnbc”]

The balancing act between numbers (data) and creative efforts while marketing

If you want your business to succeed, you have to be a master of numbers as well as creative ideas. Whether you’re a big-idea person or a number-cruncher, you need to be able to apply at least two to three skills of each to further your marketing goals. Data-driven marketing has its base in science whereas creative marketing involves art. Most marketers find it difficult to make the two meet. However, contrary to popular belief, data and creativity can go hand-in-hand.

Image: Shutterstock

Image: Shutterstock

A good campaign involves numbers as well as creative efforts. Here’s how marketers can strike a balance between the two.

Amazon, Flipkart, Snapdeal Claim Massive Sales Numbers on Day 1 of Festive Sales

Amazon, Flipkart, Snapdeal Claim Massive Sales Numbers on Day 1 of Festive Sales

Amazon, Flipkart, Snapdeal Claim Massive Sales Numbers on Day 1 of Festive Sales
E-commerce majors Snapdeal and Flipkart on Sunday claimed lakhs of transactions on their platforms on the first of the 5-day discount sales even as some consumers expressed woes on the social media about certain glitches.

Amazon, which started its 5-days special sale on October 1, on Sunday said it has seen 6-fold growth over its regular business. It has claimed to have sold 1 lakh product units in first 30 minutes, 15 lakhs units in first 12 hours on first day of the Great Festival Day sale.

(Also see: Amazon Great Indian Sale: The Best Tech Deals)

Snapdeal, in a statement, said: “Nearly 11 lakh buyers from over 2,800 cities and towns across India bought at Snapdeal in the first 16 hours of the sale. The sale which started at midnight with 180 orders being booked per second got bigger during the day as buyers used the national holiday to explore a plethora of attractive deals.”

(Also see: The Best Deals From Snapdeal’s Unbox Diwali Sale)

It said that based on the trends from Day 1 of the sale reflect sales volume jumping 6 times of average volumes by 4pm on Day 1.

Flipkart claimed that it sold over half a million products within one hour on Day 1 of the sale.

(Also see: Flipkart Offers Massive Discounts on iPhone 6s, 6, 5s, Xiaomi Mi 5, More)

“Within the electronics and gadget category, we sold more Apple watches in 10 minutes than the total sale of Apple watches online and offline in a month,” Flipkart said in a statement.

Snapdeal and Flipkart claimed providing products at large discounts.
Flipkart said that the number of product units sold in the first 6 hours of sale surpassed the total units sold in a day during the first day of its Big Billion Day in 2015.

Snapdeal is running the sale as Unbox Diwali. Flipkart further said that its subsidiary Myntra also clocked three times more revenue in the first hour compared to 2015 edition.

Meanwhile, consumers on Twitter complaint that there were hardly any discount on the products that these companies are offering.

The online shopping festival of Amazon, Flipkart, and Snapdeal is more about discounting myth, marketing gimmick without much substantial offers, said a Twitter handle.

However, the authenticity of the claims on micro-blogging site could not be verified.

Some consumers even posted screenshots showing that a product was priced higher on the sites they were shopping on, compared to the other sites.

Some media sites and Twitter accounts complained about glitches in Flipkart and Amazon payment gateways. Amazon displayed on the site that “SBI and Associate banks net-banking are having payment issues”.

There was no immediate response to queries sent to online players as well as the banks concerned.

Meanwhile, traders’ body CAIT said that “big sales” on e-commerce sites is a “blatant violation” of FDI policy.

Tags: Flipkart, Snapdeal, Amazon, Flipkart Big Billion Day 2016, Amazon Great Indian Festival, Snapdeal Unbox Diwali Sale, Apps, Deals

[“Source-Gadgets”]

WhatsApp to share users’ phone numbers, device information with Facebook

Messaging service WhatsApp on Thursday announced that it will soon start sharing its users’ phone numbers with parent company Facebook, in addition to the features of they device they are using. It will soon be “coordinating” accounts with Facebook to better identify its users on the social networking site, which will allow the platform to recommend friends and show targeted ads, The Associated Press reported.

The company, which was acquired by Facebook in a $21.8-billion deal in 2014, clarified that the move will not bring “traditional display ads” to the app itself. While companies will be able to send marketing pitches or sales messages to potential customers on WhatsApp, users will have the option to block such messages. “We do not want you to have a spammy experience,” the company said in its first revision of its policies since 2012.

Moreover, Facebook has vowed to not compromise the privacy of WhatsApp users – a policy it has stood by since its launch – and said it will not share users’ information with advertisers. WhatsApp users have up to 30 days to either accept the new terms or stop using the app. On accepting the new policies, users will have 30 more days to choose to not have their phone numbers shared with Facebook.

[“source-Scroll”]