Succinct Summations of Weeks Events for 5.30.14

Succinct Summations week ending May 30th

Positives:

1. The S&P 500 made new all-time highs.
2. Case-Shilller 20-city index grew 1.2% in March, higher than expected.
3. Initial jobless claims came in back below 300k, down from 327k last week.
4. Durable goods grew 0.8% vs expectations for a 0.8% decline.
5. Chicago PMI came in at 65.5 v 61 expected.
6. The Nasdaq 100 hit a 13.5 year high.
7. Personal income gained 0.3%, in line with expectations.
8. Core PCE (the fed’s measure of inflation) climbed 0.2% m/o/m, in line with expectations.
9. Consumer confidence came in at 83, in line with expectations.

Negatives:

1. The economy contracted in Q1 by 1%.
2. Pending home sales grew 0.4% m/o/m, down from 3.4% in March and below expectations.
3. Japan April retail sales fell 4.4% y/o/y v expectations of -3.3%, worst pace of annual declines since 2011.
4. U of Michigan Consumer confidence came in at 81.9 v 82.5 expected.
5. Personal spending fell 0.1% v 0.2% expected.
6. Richmond fed manufacturing came in at 7 vs 9 expected.
7. Dallas fed came in at 8, below 9.6 expected.

Thanks, Batman!

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under