Succinct Summations for Week’s Events April 8 2016

Succinct Summations for the week ending April 8th 2016

Positives:

  1. ISM Non-manufacturing index came in at 54.5, up from 53.4 previously.
  2. New jobless claims fell to 267k, down from 276k previously.
  3. The MBA mortgage composite index rose 2.7% w/o/w.
  4. Bloomberg’s consumer comfort index held steady at 42.6.
  5. PMI services index came in at 51.3, a modest expansion.

 

Negatives:

  1. Factory orders fell 1.7%, down sharply from the 1.6% rise previously.
  2. Job openings fell to 5.445M, down from 5.541M previously.
  3. S. stocks fell for the second time in the last three weeks.
  4. Auto inventories fell 1%, the largest monthly decline since September 2013.

 

Thanks, Mike!

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