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Tag Archives: Economic Update
Weekly Economic Update
Now that the government is back open for business, we again have our flurry of economic items. (0/-) Durable goods orders for September came in mixed, with the headline number gaining +3.7% versus a forecasted +2.3%. Removing transports from the … Continue reading
Posted in Economic News
Tagged DJIA, Economic Update, Government, LSA, S&P500, Shutdown
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Weekly Economic Update
Global investors were relieved when President Obama signed H.R. 2775 into law last Thursday, effectively ending the government shutdown and funding it through Jan. 15, 2014. The law also extends the country’s debt limit through Feb. 7, 2014. Due to … Continue reading
Weekly Economic Update
(+) The ISM manufacturing index for September was a bit stronger than anticipated, rising from 0.5 points from August, coming in at 56.2 versus an expected 55.0. This is the highest point for the ISM since April 2011. The details … Continue reading
Weekly Economic Update
(0) The 3rd and final estimate of GDP growth was unchanged from the second estimate of +2.5%, despite consensus assumptions for a slight increase to +2.6%. Inventory investment was revised downward slightly while state/local spending were bumped up a bit, … Continue reading
Weekly Economic Update
The biggest news of the week was the FOMC meeting, press release and news conference, but we won’t rehash our earlier note of the week. Long-story short, the ‘taper’ is postponed for now, and that drove sentiment (up) much more … Continue reading
Weekly Economic Update
Economic data was being watched perhaps a bit more closely this last week with the Fed meeting upcoming and talk of the ‘taper’ hanging in the balance. (-) Retail sales for August gained a meager +0.2%, which disappointed a bit … Continue reading
Weekly Economic Update
Despite the Labor Day-shortened week, several important releases kicked off the fall market season (traditionally the week where everyone on Wall Street gets ‘back to business’). (+) The ISM manufacturing index for August came in better than expected for August, … Continue reading
Weekly Economic Update
(-) Durable goods orders for July came in weaker than expected, falling -7.3% relative to a consensus forecast decline of -4.0%. Removing transportation from the headline figure, orders fell a much less dramatic -0.6%, but underperformed an expected +0.5% gain … Continue reading
Weekly Economic Update
It was a relatively light week for economic reports. Unfortunately, a few weak data points this last week and in recent weeks have been steadily eroding economist GDP estimates for the coming quarter, although growth for the second half is … Continue reading
Posted in Economic News
Tagged Economic Indicators, Economic Update, FHFA, FOMC, Home Sales, Initial Jobless Claims, LSA
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