Posts filed under “Markets”
Succinct Summations week ending 4.25.14
1. U.S. Durable goods rise 2.6% v 2% expected, biggest rise since January
2. University of Michigan consumer comes in at 84.1, the highest reading since July.
3. Euro-area PMI rose to 54 in April, up from 53.1 in March and higher than 53 expected
4. Richmond Fed comes in at 7 v 2 expected.
5. China HSBC PMI came in at 48.3, up from 48 in March.
6. Philly fed came in at 16.6, well above the 10 expected.
1. Existing home sales fall to 4.59 million SAAR, the lowest since July 2012
2. New home sales tumbled 14.5% m/o/m to an annualized pace of 384k units v 450k expected, ugly miss.
3. High flying stocks continue to get crushed, the Nasdaq internet index sold off 4% on Friday.
4. U.S. manufacturing PMI fell to 55.4 from 55.5 in March and below 56 expected.
5. Mortgage applications fell 3.3% last week.
6. Initial jobless claims come in at 329k v 315k expected
Succinct Summations week ending April 18 Positives: 1. The S&P 500 had its best week since July 12. 2. The Philly Fed came in at 16.6, v expectations of 9, nice beat. 3. Initial jobless claims come in at 304k v 315k expected, the four-week moving average is the lowest since 2007.. 4. U.S. March…Read More
Last week, we discussed why investors conflate various rationales when confronted with unknown stock market moves. As stated in “What’s Your Stock Market Story?,” people much prefer a narrative to any admission that market movements are often random. We know little, understand less and hate to admit it most of all. That column generated more…Read More
The Chinese trade data released this week, came in well below expectations. Whilst generally unreliable, other data confirms the slowdown of the Chinese economy. Markets expect that China will increase its stimulus programme in response to the slowing economy, which, in the past, has been the traditional response. However, comments by the Chinese Premier Mr…Read More
Succinct Summations week ending April 11th Positives: 1. AAII bulls dropped to 28.5%. 2. UMich April consumer confidence came in at 82.6, up from 80 and better than the 81 expected. 3. PPI came in at 0.5% in March, much higher than the 0.1% expected and up 1.4% y/o/y. A little bit of inflation is…Read More
Perspective: “A lifetime of outperforming the markets is unattainable for most. But a lifetime of self-improvement and the acquisition of skill and knowledge – that’s available for anyone who’s willing to go for it.” -Josh Brown, The Reformed Broker Discuss . . .