Existing Home Sales up month/month, down year/year.

Jobless Claims (week ended 5/17/2014)

– Initial Claims 326,000. Previous was 298,000

– 4-week Moving Average 322,500. Previous was 323,500.

Chicago Federal Reserve National Activity Index

– Index -0.32.  Previous was +0.34.

This is an index which attempts to get a measure on GDP.  Whether the step backward is a one month thing or a trend will be seen in the future.

PMI Manufacturing Index Flash (May 2014)

– Index 56.2.  Previous was 55.4.

This is a survey index produced by Markit from questionnaires sent to purchasing managers.

Existing Home Sales (April 2014)

– Existing Home Sales (seasonally adjusted, annualized) month/month 4,650,000. Previous was 4,590,000

– Existing Home Sales year/year -6.8%.

Mark this is “better” but still weak. To some extent what we are seeing is the result of investors leaving the market.

  Leading Indicators (April 2014)

– Leading Indicators month/month +0.4%. Previous was +1.0%.

This is a rehash of existing data – 10 specific indicators.