Chain Store Sales (week ended 11/3/2012) ICSC-Goldman Store Sales – Store Sales week/week -0.2%. Previous was +0.5% – Store Sales year/year +1.4%. Redbook – Store Sales Year/Year +0.8%. Previous was +1.8% Data for last week was affected by Sandy. As we pointed out in yesterday’s commentary, Rick Davis of Consumer Metrics Institute, also tracks a
November 2012
ISM Non-Manufacturing Index (October 2012) – composite Index 54.2. Previous was 55.1. Any reading above 50 indicates expansion. Consumer Metrics Institute Absolute Demand Index Not surprisingly Sandy has taken a big bite out of consumer spending. Rick Davis of Consumer Metrics Institute provide a near real time measure of consumer spending. Look at the top
Greece situation could dominate the macro picture next week, prompting MBS rally and lower rates.
Real Jobs Were +36,400 in October. And other key facts from today's jobs report.
The recently discovered Higgs Boson is a tachyon particle. Tachyon is also a super funky jazz tune.
The recently discovered Higgs Boson is a tachyon particle. Tachyon is also a super funky jazz tune.
BLS Employment Situation Report (October 2012) – Nonfarm jobs were +171,000 and the previous month was revised upwards by 36,000 – Unemployment Rate was 7.9% up from 7.8% – Average wage was dead flat – Average workweek was 34.4 hours the same as the previous month (revised.) This is a mediocre report which will pass for
Mortgage bonds are lower this morning after lots of data, recapped here.
Mortgage bonds are lower this morning after lots of data, recapped here.