Succinct Summations week ending July 18th
1. The Dow Jones Industrial Average hit a new all-time high.
2. NAHB home builder sentiment rose to 53 vs the 50 expected.
3. Jobless claims hit a nine-week low, down to 302k.
4. NY manufacturing survey rose to 25.6, the highest level since ’10.
5. Jobless claims four-week moving average hit the lowest levels since 2007
6. The Philly manufacturing index rose to 23.9, above the 16 expected.
7. UK unemployment fell to 6.5%, the lowest level since ’08.
1. U of M consumer confidence fell to 81.3 vs estimates of 83, a 4-month low.
2. June housing starts came in at 89sk annualized v 1.02m expected, its biggest miss since January 2008
3. The S&P 500 ended its 62 day streak without a 1% move.
4. The Vix spiked 22% on Thursday, its 22nd biggest single day gain ever.
5. Industrial production rose 0.2% m/o/m vs the estimate of 0.3%
6. MBA purchase applications 7.6% m/o/m to a 5-month low.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
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