Succinct Summations of Week’s Event’s 10.30.15

October 30, 2015 4:30pm by

Succinct Summations for the week ending October 2nd, 2015

Positives:

  1. The S&P 500 just completed its best month since October 2010.
  2. ECI rose 0.6%, in line with estimates.
  3. Chicago PMI rose 50 56.2, up from 48.7 previously.
  4. Initial jobless claims came in at 260k; the 4-week average is down to 259.25k.

Negatives:

  1. U.S. GDP grew at a 1.5% annualized pace in Q3.
  2. Consumer confidence fell to 97.6, below expectations and down from 103 previously.
  3. Mortgage applications fell 3.5% w/o/w.
  4. UofM consumer sentiment fell to 90, below consensus and down from 92 previously.
  5. Personal income rose just 0.1% m/o/m
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What's been said:

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  2. Molesworth commented on Oct 31

    De dude,
    Do you put that in the positive or negative list

    • DeDude commented on Oct 31

      I would put that in the negative. If Japan and EU are stuck in a deflationary trap they will be a lot more likely to pull us with them than to pull us out when our policy makers dunk us into one.

      On the other hand individuals with a lot of cash may like deflation (at least in the short run).

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