Succinct Summations of Weeks Events for 11/20/15

November 20, 2015 4:35pm by

Succinct Summations for the week ending November 20th, 2015

Positives:

  1. The S&P 500 gained 3.5%, its strongest week of 2015.
  2. NFIB small-business index came in at 96.1, unchanged from the previous reading.
  3. Headline and Core CPI were right in line with expectations, -0.2% and 0.2% m/o/m respectively.
  4. The MBA Mortgage composite index rose 6.2% w/o/w, up from -1.3% previously.
  5. The Philly Fed business outlook survey came in at 1.9, above expected.

Negatives:

  1. Industrial production fell 0.2% m/o/m, slightly worse than expected. However, construction supplies and manufacturing rose 0.4%, snapping a two-month decline.
  2. Housing starts fell 11% in October to a 1.06 mm annualized rate, below the 1.16 expected.
  3. The housing market index came in at 62, slightly below expectations.
  4. Empire Manufacturing Index came in at -10.74, below expectations and the fourth consecutive negative reading.
  5. The Bloomberg Consumer Comfort index fell for the third time in four weeks.

 

 

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