Succinct Summations week ending January 23rd
1. ECB to start a QE of their own; 60 billion a month until September 2016 and markets around the world explode higher
2. Housing starts rose 4.4% in December to an annualized pace of 1.09mm coming in much stronger than the 1.2% and 1.02mm expected.
3. The German Dax hit all-time highs.
4. The Dow and S&P 500 have their first positive week of 2015
1. Real yields in parts of the world go negative.
2. Existing home sales in 2014 fell 3.1%
3. NAHB Homebuilder sentiment fell to 57, vs expectations of 58.
4. China GDP rose 7.4% in 2014, from 7.7% in 2013.
5. Building permits declined 1.9% to a pace of 1.03mm, both weaker than expected.
6. Existing home sales rose in December by 2.4% vs expectations for a 3% rise.
7. Initial jobless claims came in at 307k vs 300k expected.