Archive for the ‘Fundamentals’ Category

Durable Goods Orders Recover.

Durable Goods Orders (June 2014) – New Orders month/month +0.7%. Previous was -1.0% – Ex-transportation month/month  +0.8%. Previous was -0.1%

A Mixed bag of Fundamentals.

Consumer Price Index (June 2014) – CPI month/month +0.3%. Previous was +0.4% – CPI year/year +2.1%. Previous was +2.1% – CPI core (less food & energy) month/month +0.1%. Previous was +0.3% – CPI core (less food & energy) year/year +1.9%. Previous was 1.9%. This shows contained inflation. It remains to be seem what the net […]

Chicago Fed Manufacturing: Growing but Slower.

Chicago Federal Reserve National Activity Index  (June 2014) – Index level 0.12.  Previous was 0.21 – 3 Month Moving Average 0.13. Previous was 0.19. The economy is still growth but at a slower pace.  As repeated here weekly too little attention had been paid lately as to just how poor economic growth in the U.S. […]

Consumer Sentiment, Leading Indicators down.

Leading Indicators (June 2014) – Leading Indicators month/month +0.3%.  Previous was +0.7%. This is a rehash of 10 other pieces of data and has, for some time, merely reflected the Federal Reserve policy of increasing money supply and keeping rates low. University of Michigan Consumer Sentiment (July 2014) – Consumer Sentiment 81.3.  Previous was 82.5. […]

Housing Starts down. Jobless Claims Remain Low.

Housing Starts  (June 2014) – Starts (seasonally adjusted, annualized) 893,000. Previous revised down to 985,000 – Permits (seasonally adjusted, annualized) 963,000. Previous revised up to 1,038,000. This is disappointing data.   Jobless Claims  (week ended 7/12/2014) – Initial Claims (seasonally adjusted) 302,000. Previous was 305,000 – Initial Claims (unadjusted)  totaled 369,591an increase of 47,079 from […]

PPI up, Mortgage Applications down.

MBA Mortgage Applications (week ended 7/11/2014)   – Purchase Index Week/Week -8.0%. Previous weeks were +4.0%, -1.0%, -1.0%. -5.2%, +9.0%, -4.0%, -1.0%, -3.0%, -1.0%, +9.0%, -4.0%, and -3.0%. – Refinance Index Week/Week -0.1%. Previous weeks were +0.4%, +0.1%, -1.0%, -13.0%, +11.0%, -3.0%, -1.0%, +4.0%, +7.0%, +2.0%, and -7.0%. – Composite Index Week/Week -3.6%. Previous weeks […]

Mortgage Applications up 1st Time in 4 Weeks.

MBA Mortgage Applications (week ended 7/4/2014) – Purchase Index Week/Week +4.0%. Previous weeks were -1.0%, -1.0%. -5.2%, +9.0%, -4.0%, -1.0%, -3.0%, -1.0%, +9.0%, -4.0%, -3.0%, and +1.0%. – Refinance Index Week/Week +0.4%. Previous weeks were +0.1%, -1.0%, -13.0%, +11.0%, -3.0%, -1.0%, +4.0%, +7.0%, +2.0%, -7.0%, and -4.0%. – Composite Index Week/Week +1.9%. Previous weeks were […]

Job Openings up.

ICSC-Goldman Store Sales  (week ended 7/5/2014) – Store Sales week/week +1.7%. Previous was +1.0% – Store Sales year/year +3.3%. Previous was +4.6%   Redbook (week ended 7/5/2014) – Store Sales year/year +6.0%. Previous was +3.1%. There may have been more shopping as a hurricane approached the East Coast.   JOLTS (May 2014) This is The […]

Pending Home Sales up.

Pending Home Sales Index  (June 2014) – Pending Home Sales Index 103.9.  Previous was 97.8. This is from the National Association of Realtors and measures ratified sales agreements for Existing Homes. Chicago PMI (June 2014) – Business Barometer Index 62.6.  Previous was 65.5  Dallas Federal Reserve Manufacturing Survey  (June 2014) – Business Activity Index 11.4. […]

GDP Falls 2.94% and No One Cares

In their third estimate of the US GDP for the first quarter of 2014, the Bureau of Economic Analysis (BEA) reported that the economy was contracting at a -2.94% annualized rate. When compared to prior quarters, the new measurement is down nearly 5.6% from the 2.64% growth rate reported for the 4th quarter of 2013, […]

 
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