Succinct Summations of Week's Events 1.15.16

Succinct Summations for the week ending January 15th, 2016


  1. Small business optimism rose to 95.2, up from 94.8 previously and slightly higher than expected.
  2. Job openings came in at 5.431mm, up from 5.383mm previously.
  3. The MBA mortgage application composite index rose 21.3% w/o/w.
  4. Bloomberg’s consumer comfort index rose slightly, the 5th straight gain.
  5. Consumer sentiment rose to 93.3, up from 92.6 previously.


  1. S. stocks are off to their worst 10-day start ever.
  2. S. core retail sales fell 0.1% m/o/m, vs an expected 0.2% increase.
  3. The Beige book described growth consumer spending as “no better than slight to moderate.”
  4. S. jobless claims rose to 284k, and the 4-week moving average is up to 278.75k, from 275.75k previously.
  5. Empire state manufacturing survey collapsed to -19.37, its worst reading since 2009.
  6. Import and export prices are continuing to fall, -1.2% and 1.1% respectively.
  7. Retail sales fell 0.1% m/o/m, down from the 0.2% previous rise.
  8. Industrial production fell 0.4%, worse than the 0.2% expected decline.
  9. Business inventories fell 0.2%, versus flat expectations.



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