Succinct Summation of Week’s Events 11.23.18

Succinct Summations for the week ending November 23rd, 2018


1.Existing home sales came in at an annualized rate of 5.220M for October, exceeding expectations.
2.E-commerce retail sales rose 3.1% in Q3 for a second straight quarter
3. Housing starts rose to an annualized rate of 1.228M, meeting expectations.
4. MBA mortgage applications rose a seasonally adjusted 3.0% w/o/w, up from previous 2.3% decrease.
5. Index of economic leading indicators rose by 0.1% m/o/m.
6. Same store sales rose 6.2 w/o/w, up from previous 6.1% increase.


1. Dow, NASDAQ post biggest percentage weekly drop since March.
2. A month ago Bitcoin was $6392.45; today it is  $4,241.43. All of the CryptoCurrencies are getting pounded;
3. POTUS threatens independence of the Federal Reserve and Judiciary;
4. Home refinance applications fell 5% w/o/w, following a 4.3% decrease in previous week.
5. Durable goods orders fell 4.4% m/o/m, down from a prior revised 0.1% decrease.
6. Consumer sentiment came in at 97.5 for November, missing the expected 98.3.

Thanks, Matt !

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