Manufacturing Softens.

PMI Manufacturing Index Flash (September 2016)

- Level 51.4. Previous was 52.1.

 

Atlanta Federal Reserve Business Inflation Expectations (September 2016)

- Business Inflation Expectation % year/year 1.9%. Previous was 1.8%.
 

Jobless Claims Remain low but…

Initial Jobless Claims (week ended 9/17/2016) – New Claims seasonally adjusted 252,000. Previous was 260,000 – New Claims unadjusted, totaled 205,751 an increase of 12,460 from previous – 4-week Moving Average seasonally adjusted 258,500. Previous was 260,750. Initial Claims has remained near record lows but people getting laid off is not the largest part of the […]

 

Purchase Applications Fall.

MBA Mortgage Applications (week ended 9/16/2016) – Purchase Index Week/Week -7.0%. Previous weeks were +9.0%, +1.0%, +1.0%, -0.3%, -4.0%, +3.0%, -2.0%, -3.0%, -2.0%, +0.0%, +4.0%, -3.0%, and -2.0%. – Refinance Index Week/Week -8.0%. Previous weeks were +2.0%, +1.0%, +4.0%, -3.0%, +10.0%, -3.0%, -15.0%, -1.0%, +11.0%, +21.0%, -2.0%, +7.0%, and -1.0%. – Composite Index Week/Week -7.3%. […]

 

Housing Starts down.

Housing Starts (August 2016) – Starts seasonally adjusted, annualized 1,142,000. Previous was 1,212,000 – Permits seasonally adjusted, annualized 1,139,000. Previous was 1,144,000 We should have 1,500,000 Starts to keep pace with population growth and scrappage. We have not had that since December 2006. The decrease in Starts month/month was entirely in apartment buildings. Single-family and […]

 

Home Builders Optimistic.

Housing Market Index (September 2016) – Index 65. Previous was 59. This is a measurement of the optimism of home builders. This Index is produced by The National Association of Home Builders. This reading indicates strength.

 

CPI Increases.

Consumer Price Index (August 2016) – CPI month/month +0.2%. Previous was +0.0% – CPI year/year +1.1%. Previous was +0.8% – CPI core (less food & energy) month/month +0.3%. Previous was +0.1% – CPI core (less food & energy) year/year +2.3%. Previous was +2.2% CPI increased in August but I believe we will start to see […]

 

Inflation Waning.

Initial Jobless Claims (week ended 9/10/2016) – New Claims seasonally adjusted 260,000. Previous was 259,000 – 4-week Moving Average 260,750. Previous was 261,250 – New Claims unadjusted, totaled 193,366 a decrease of 24,349 from previous     PPI-FD (August 2016) – PPI-FD month/month 0.0%. Previous was -0.4% – PPI-FD year/year 0.0%. Previous was -0.2% – […]

 

Is Inflation Headed down?

MBA Mortgage Applications (week ended 9/9/2016) – Purchase Index Week/Week +9.0%. Previous weeks were +1.0%, +1.0%, -0.3%, -4.0%, +3.0%, -2.0%, -3.0%, -2.0%, +0.0%, +4.0%, -3.0%, -2.0%, and -5.0%. – Refinance Index Week/Week +2.0%. Previous weeks were ++1.0%, +4.0%, -3.0%, +10.0%, -3.0%, -15.0%, -1.0%, +11.0%, +21.0%, -2.0%, +7.0%. -1.0%, and +7.0%. – Composite Index Week/Week +4.2%. […]

 

No Help from Fundamentals.

NFIB Small Business Optimism Index (August 2016) – Index level 94.4. Previous was 94.6   Redbook Chain Store Sales (week ended 9/10/2016) – Store Sales year/year +0.4%. Previous was +0.8% The most significant thing about the fundamentals is that they do not show the strength to justify a Fed hike.

 

Jobless Claim Remain Low.

Initial Jobless Claims (week ended 9/3/2016) – Initial Claims seasonally adjusted 259,000. Previous was 263,000 – Initial Claims unadjusted, totaled 218,300 an increase of 3,151 from previous – 4-week Moving Average 261,250. Previous was 263,000   Quarterly Information Services Survey (2ndQ2016) – Information Revenue quarter/quarter -0.1%. Previous was +1.4% – Information Revenue year/year +3.8%. Previous […]

 
 
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