Succinct Summation of Week’s Events 1.22.16

Succinct Summations for the week ending January 22nd, 2016


  1. After three straight weeks of selling, stocks get a reprieve, finishing positive on the week.
  2. Existing home sales came in at a 5.46mm annualized rate, up 14.7% m/o/m.
  3. MBA mortgage applications composite rose 9% w/o/w.
  4. Bloomberg’s consumer comfort index came in at 44, down just slightly despite the lousy January for stocks.
  5. Manufacturing PMI came in at 52.7, up from 51.3 previously.


  1. CPI still not budging, -0.1% m/o/m, core CPI rose 0.1%.
  2. Housing starts came in at an annualized 1.149mm rate in December, down 2.5% from the previous reading.
  3. Jobless claims rose came in at 293k, the 4-week moving average is up to 285k, from 278.5k previously.
  4. Housing permits fell to 1.232mm SAAR, a 3.9% m/o/m decline.






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