Succinct Summations Week Ending August 15th
1. The S&P 500 gained 1.4% on the week and is just 1.5% off the all-time highs.
2. NFIB small business optimism rose to 95.7, up from95 previously.
3. U.K. unemployment fell to 6.4%, the lowest level since ’08.
4. Consumer confidence in Japan rose to an 8-month high.
5. US industrial production in July rose .4% m/o/m, slightly better than expected.
6. PPI rose 0.1% m/o/m headline while core rose 0.2% with 1.7% and 1.6% y/o/y gains respectively, in line with expectations.
1. Retail sales came in flat, vs expectations of a 0.2% gain.
2. Japan GDP fell 6.8%, better than the 7% decline expected, but still not good.
3. MBA mortgage applications fell 3.7% w/o/w.
4. Core retail sales grew by 0.1%, below expectations of a 0.4% gain.
5. Jobless claims rose to 311k, vs 295k expected.
6. NY manufacturing index fell to 14.7, well below the 20 expected.
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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