Succinct Summation of Week’s Events 2.5.16

Succinct Summations for the week ending February 5th, 2016


  1.  ADP employment report came in at 205k, above the 190k expected. Last month’s report was revised to 267k, up from 257k.
  2. Unemployment fell to 4.9%, down from 5% previously.
  3. PMI Manufacturing Index came in at 52.4, up from 51.2 previously; PMI Services Index came in at 53.2, (a decent but slightly below expectations number).
  4. Bloomberg consumer comfort came in at 44.2, down slightly from the previous reading but still a solid reading.


  1. Stocks had a rough week, with the S&P 500 falling 3.3%.
  2. Nonfarm payrolls fell to 151k, below the 188k expected. The previous reading was revised down 30k
  3. Factory orders fell 2.9% m/o/m.
  4. ISM manufacturing index came in at 48.2, fourth straight reading below 50 for the first time since 2009.
  5. Initial jobless claims came in at 285k and the 4-week moving average is now up to 284.75k.
  6. MBA mortgage composite index fell 2.6% w/o/w.
  7. ISM Non-manufacturing came in at 53.5, below the 55.5 expected and down from 55.3 previously.


Thanks, Mike!




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