Succinct Summations of Weeks Events for 11/20/15

Succinct Summations for the week ending November 20th, 2015


  1. The S&P 500 gained 3.5%, its strongest week of 2015.
  2. NFIB small-business index came in at 96.1, unchanged from the previous reading.
  3. Headline and Core CPI were right in line with expectations, -0.2% and 0.2% m/o/m respectively.
  4. The MBA Mortgage composite index rose 6.2% w/o/w, up from -1.3% previously.
  5. The Philly Fed business outlook survey came in at 1.9, above expected.


  1. Industrial production fell 0.2% m/o/m, slightly worse than expected. However, construction supplies and manufacturing rose 0.4%, snapping a two-month decline.
  2. Housing starts fell 11% in October to a 1.06 mm annualized rate, below the 1.16 expected.
  3. The housing market index came in at 62, slightly below expectations.
  4. Empire Manufacturing Index came in at -10.74, below expectations and the fourth consecutive negative reading.
  5. The Bloomberg Consumer Comfort index fell for the third time in four weeks.



Category: Markets

Collapse of Commodities in One Simple Chart

Source: Visual Capitalist

Category: Commodities, Trading

Structural Changes at S.E.C.

Arthur Levitt is incensed. That doesn’t happen all that often. It takes a lot to make the level-headed, even serene, former Securities and Exchange Commission chairman angry. (Full disclosure: Levitt is a director of Bloomberg LP). What has Levitt riled up these days is the deepening politicization of the agency he ran for eight years….Read More

Category: Investing, Politics, Regulation

10 Friday AM Reads

Markets continue to shake off externalities and are powering forward into the expected December rate hike. End your week right with our morning train reads: • Ben Bernanke on bubbles, bitcoin, and why he’s not a Republican anymore (Quartz) • Buffett’s Grandson Seeks Own Investment Route: Social Change (NYT) • My Dangerously Selective Memeory (Bacon Asset) • Land Rover Defender Ends…Read More

Category: Financial Press

1937 Delahaye 135 M

Source: Classic Driver

Category: Weekend

Category: Think Tank

Dan Harris: Think You’re a Good Multitasker? Stop Lying

Source: Big Think

Category: Cognitive Foibles, Video

Compounded Annual Returns for Individual Stocks

I find this graph astonishing:   Source: ValueWalk

Category: Investing

10 Thursday AM Reads

Our all natural, gluten-free, morning train reads: • How Amazon’s Long Game Yielded a Retail Juggernaut (NYT) • Five Things Smart Beta Can’t Do For You (Reformed Broker) • The U.S. May Be the World’s Richest Country, But It Ranks 14th in Financial Literacy (Real Time Economics) • Banks and Fintech Firms’ Relationship Status: It’s Complicated (WSJ) • Clay Christensen…Read More

Category: Financial Press


You’re just a pawn in their game. You think by protesting freemium you’re saving the world from broke musicians. But Wall Street talks and you walk, and it all comes down to money. And those with the deep pockets are playing for high stakes and they don’t care about what’s happening in your bedroom, the…Read More

Category: M&A, Music, Think Tank, Venture Capital