Initial Jobless Claims Remain low.

International Trade in Goods (June 2016)

- Goods Trade Deficit $63.3 billion. Previous was $61.1 billion

Exports were up 0.9%.

 
Initial Jobless Claims (week ended 7/23/2016)

- New Claims seasonally adjusted 266,000. Previous was 252,000
- New Claims unadjusted totaled 231,325 a decrease of 36,971 from previous
- 4-week moving average 256,500. Previous was 257,500

Initial Jobless Claims remain low.

 
Wholesale Trade (June 2016)

- Inventories month/month +0.0%. Previous was +0.1%.

This is a component of GDP.
 

Cloudy Picture of Housing.

MBA Mortgage Applications (week ended 7/22/016) – Purchase Index Week/Week -3.0%. Previous weeks were -2.0%, +0.0%, +4.0%, -3.0%, -2.0%, -5.0%, +12.0%, -5.0%, +5.0%, -6.0%, +0.4%, +1.0%, and -2.0%. – Refinance Index Week/Week -15.0%. Previous weeks were -1.0%, +11.0%, +21.0%, -2.0%, +7.0%. -1.0%, +7.0%, -4.0%, +0.4%, +1.0%, +0.5%, -6.0%, and -5.0%. – Composite Index Week/Week -11.2%. […]

 

Healthy Gain in New Home Sales.

Redbook Chain Store Sales (week ended 7/23/2016) – Store Sales year/year +0.6%. Previous was +0.4%   S&P Case-Shiller Home Price Index (May 2016) – 20-city, seasonally adjusted month/month -0.1%. Previous was -0.2% – 20-city, not seasonally adjusted month/month +0.9%. Previous was +1.1% – 20-city, not seasonally adjusted year/year +5.2%. Previous was +5.6% I believe that […]

 

Oil Business Rising from Dead?

Dallas Federal Manufacturing Survey (July 2016) – Production Index +0.4. Previous was -7.0 – General Activity Index -1.3. Previous was -18.3. Lower crude prices had driven this index so far down for so long that a positive number would eventually happen.

 

Some Supply Side Strength.

PMI Manufacturing Index Flash (July 2016) – Index level 52.9. Previous was 51.4. This is derived from survey questionnaires of Purchasing Managers of manufacturers.

 

Initial Jobless Claims Remain low.

Initial Jobless Claims (week ended 7/16/2016) – New Claims seasonally adjusted 253,000. Previous was 254,000 – New Claims unadjusted, totaled 269,206 a decrease of 29,467 from previous – 4-week Moving Average seasonally adjusted 257,750. Previous was 259,000 Initial Jobless Claims have very low for months.   Philadelphia Federal Reserve Business Outlook Survey (July 2016) – […]

 

Refi Mortgage Applications Remain Strong.

MBA Mortgage Applications (week ended 7/15/016) – Purchase Index Week/Week -2.0%. Previous weeks were +0.0%, +4.0%, -3.0%, -2.0%, -5.0%, +12.0%, -5.0%, +5.0%, -6.0%, +0.4%, +1.0%, -2.0%, and -1.0%,. – Refinance Index Week/Week -1.0%. Previous weeks were +11.0%, +21.0%, -2.0%, +7.0%. -1.0%, +7.0%, -4.0%, +0.4%, +1.0%, +0.5%, -6.0%, -5.0%, and +3.0%. – Composite Index Week/Week -1.3%. […]

 

Housing Starts up Slightly

Housing Starts (June 2016) – Starts seasonally adjusted, annualized 1,189,000. Previous was 1,135,000 – Permits seasonally adjusted, annualized 1,153,000. Previous was 1,136,000 Starts were 4.8% above May but 2.0% below June 2015. Seven years after the “recovery” Housing Starts are still less than 80% of what they need to be to account for population growth […]

 

Globalism.

There is much talk of late about globalism. People tend to lump several things together and then take a stance of the assemblage. That makes no sense. I want to detail several parts of what people talk about when they say “globalism” and remind folks that one can have a view on each. 1) trade […]

 

Home Builder Confidence Falls Slightly.

Housing Market Index (July 2016) – Housing Market Index 59. Previous was 60. This is derived from a survey conducted by The National Association of Home Builders. It takes into account present sales of new homes, sale of new homes expected in the next six months, and traffic of prospective buyers in new homes. This […]

 
 
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