Succinct Summation of Week’s Events for 3.30.18

Succinct Summations for the week ending March 30th, 2018

Positives:

1. Wages and salaries gained 0.5%; Personal income rose 0.4% m/o/m, in line with expectations.
2. Same store sales rose 3.6% y/o/y, above the previous 3.2% increase.
3. Jobless claims fell from 229k to 215k, the lowest reading in 45 years.
4. Mortgage applications rose 4.8%, up from the -1.1% decline from the prior week.
5. Q4 GDP was revised higher from 2.5% to 2.9%
6. Retail inventories rose .4% in February, following a 0.7% build in January; Wholesale inventories rose 1.1% in in February, more than expected.

Negatives:

1. Tariffs, White House turnover,
2. Corporate profits fell 6% y/o/y.
3. Chicago PMI fell from 61.9 to 57.4, well below the 62.8 expected reading.
4.Trade deficit widened to 75.4 billion, an increase of $1.5 billion from the previous month.
5. Dallas Fed manufacturing production index fell from 27.9 to 12.7.

Thanks, Matt

Print Friendly, PDF & Email

Read this next.

Posted Under