Succinct Summations of the Week’s Events 12.30.16

Last Succinct Summations (of the year) for the week ending December 30th, 2016



  1. Stocks wrapped up their eighth consecutive annual gain, second longest streak of all-time.
  2. Consumer confidence rose to 113.7, the highest reading since August 2001!
  3. Case-Shiller’s 20-city index rose 0.6% m/o/m. The west coast is leading the way with a 10.7% and 10.3% y/o/y increase in Seattle and Portland.
  4. Jobless claims remain low, falling to 265k from 275k previously.
  5. The Richmond manufacturing index rose from 4 to 8.
  6. Dallas Fed manufacturing production survey rose from 8.8 previously to 13.8.
  7. Bloomberg Consumer Comfort Index remains strong, coming in at 46.



  1. Looks like Dow 20,000 will have to wait until next year.
  2. Pending home sales fell 2.5% m/o/m, coinciding with the rise in mortgage rates.
  3. The State Street Investor Confidence Index fell from 98.9 to 94.2.



Thanks, Mike!

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