Succinct Summation of Week’s Events 3.1.19

Succinct Summations for the week ending March 1st, 2019


1. Former POTUS attorney Michael Cohen’s testifies to Congress, bringing this entire mess another step closer to ending;
2. GDP rose 2.6% for Q4, meeting high end of expectations.
3. Home mortgage apps rose 6.0% w/o/w, up from previous 1.7% rise.
4. Wholesale trade rose 1.1% m/o/m, beating the expected 0.3%.
5. Pending home sales rose 4.6% m/o/m, beating the expected 1.0%.
6. Retail inventories rose 0.9% m/o/m, while wholesale inventories rose 1.1% m/o/m.


1. No luck in denuclearizing the Korean Peninsula as Hanoi Summit is a bust;
2. Same store sales rose 5.2% w/o/w, decelerating from previous 5.4%.
3. Housing starts fell 11.2% m/o/m, from 1.214M to 1.078M.
4. Jobless claims rose 8k w/o/w from 217k to 225k.
5. Farm prices fell 4.5% m/o/m, down from previous 1.8% rise.
6. Factory orders rose 0.1% m/o/m, missing the expected 0.6% rise..


Thanks, Matt!

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