Succinct Summations week ending February 13th
1. The S&P 500 and the Russell 2000 hit new all-time highs.
2. Eurozone GDP rose 0.3% versus expectations of a 0.2% gain.
3. Import prices declined 8% y/o/y.
4. Interest rates have crept up a bit, the ten year is back over 2%, and stocks haven’t crashed, yet.
5. The Nasdaq Composite closed at the highest levels since March 2000.
1. Initial jobless claims came in at 304k vs expectations of 287k.
2. Retail sales ex-autos and gasoline gained just 0.2% vs the expected 0.4%.
3. Mortgage applications fell for the fourth straight week.
4. University of Michigan Consumer Confidence fell to 93.6 from 98.1.
5. Italian GDP came in slightly negative, has not had a positive gain since early 2011.