Succinct Summation of Week’s Events

January 20, 2017 4:00pm by

Succinct Summations for the week ending January 20th, 2017.

Positives

  1. New President! Tax cuts, deregulation, infrastructure!
  2. Housing market index fell from 70 to 67, still a very strong reading.
  3. Jobless claims fell 15k to 234k, taking the 4-week average down to 246.75k.
  4. CPI rose 0.3% m/o/m and 2.1% y/o/y. Energy prices rose 1.5% in the month.
  5. Industrial production rose 0.8% in December.
  6. Housing starts came in at 1.226mm SAAR, up from 1.09 previously.

Negatives

  1. New President & his cabinet hasn’t the slightest idea WTF they are doing
  2. Industrial production was revised down 0.7%.
  3. Housing permits shed .2%, coming in at 1.21mm SAAR.
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