Succinct Summations of Week’s Events 5.15.15

Succinct Summations week ending May 15th

Positives:

1. The S&P 500 hit a new all-time high.
2. EU GDP rose 1% y/o/y.
3. NFIB small business optimism index rose to 96.9
4. Initial jobless claims came in at 264k, the 4-week moving average is the lowest it has been since April 2000.
5. Empire state manufacturing survey came in at 3.09, below expectations but up from the -1.09 prior.

Negatives:

1. U.S Industrial Production fell 0.3% m/o/m vs expectations of no change.
2. U.S Consumer Confidence fell to 88.6, below the expectations of 95.9
3. U.S. Retail sales ex-auto and gas rose 0.2% m/o/m, below the 0.6% expected rise.
4. MBA purchase applications fell 0.2% w/o/w, the refinance index fell 6%.
5. Inventories grew 0.1% m/o/m vs expectations for a 0.2% increase.

 
Thanks, Mike!

 

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  1. Futuredome commented on May 15

    Well, we know what Americans spent their gas savings on: eating out. Total Bar/Restaurant spending surged during the plunge in gas prices and hit a level not seen since the top of the Bush housing bubble craze.

    This country is mentally effed up.

    • intlacct commented on May 15

      Maybe it’s just a full employment plan for cardiologists, internists, nutritionists, personal trainers and phlebotomists?

    • VennData commented on May 15

      I went to Wrigley with a bunch of guys I hadn’t seen in a while and they’re all furious at Obama and can’t really articulate why. The other thing is they want taxes raised on other people.

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