Succinct Summations of Week’s Events for 12.11.15

Succinct Summations for the week ending December 11th, 2015

Positives:

  1. Core retail sales rose 0.4%, up from the 0.2% increase previously and above the 0.3% expected rise.
  2. Bloomberg’s consumer comfort index rose slightly to 40.1, up from 39.6 previously.
  3. MBA mortgage applications index rose 1.2% w/o/w and is up 29% y/o/y.

Negatives:

  1. Headline retail sales rose 0.2%, slightly less than the 0.3% expected increase.
  2. Import and export prices fell 0.4% and 0.6% m/o/m, respectively. Downward pricing pressure continues.
  3. Stocks had a rough week with the S&P 500 shedding 3.7%
  4. UofM Consumer Sentiment fell to 91.8, down from 92 previously.
  5. Jobless claims rose to 282k from 269k previously.
  6. Business inventories came in unchanged.

 

 

 

 

 

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