Succinct Summations of Week's Events 12.18.15

Succinct Summations for the week ending December 18th, 2015

Positives:

  1. Liftoff! They raised the Federal Funds rate, ending six plus years of ZIRP.
  2. Housing starts rose 11% in November to 1.173mm SAAR, up from 1.06mm previously.
  3. Bloomberg’s consumer comfort index rose for the second straight week.
  4. Jobless claims came in at 271k, down from 282k previously.
  5. Housing permits rose 1.289k, above the 1.146k expected.

Negatives:

  1. CPI came in unchanged m/o/m and is down from the 0.2% rise previously.
  2. Industrial production fell 0.6% m/o/m,  down from the 0.2% fall previously.
  3. MBA mortgage application composite index fell 1.1% w/o/w.
  4. Empire state manufacturing came in at -4.59, up from -10.7 previously.
  5. The housing market index came in at 61, below the 63 expected and down from 62 previously.

 

 

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