Succinct Summations for the week ending November 20th, 2015
- The S&P 500 gained 3.5%, its strongest week of 2015.
- NFIB small-business index came in at 96.1, unchanged from the previous reading.
- Headline and Core CPI were right in line with expectations, -0.2% and 0.2% m/o/m respectively.
- The MBA Mortgage composite index rose 6.2% w/o/w, up from -1.3% previously.
- The Philly Fed business outlook survey came in at 1.9, above expected.
- Industrial production fell 0.2% m/o/m, slightly worse than expected. However, construction supplies and manufacturing rose 0.4%, snapping a two-month decline.
- Housing starts fell 11% in October to a 1.06 mm annualized rate, below the 1.16 expected.
- The housing market index came in at 62, slightly below expectations.
- Empire Manufacturing Index came in at -10.74, below expectations and the fourth consecutive negative reading.
- The Bloomberg Consumer Comfort index fell for the third time in four weeks.