Succinct Summation of Week’s Events 7.19.19

Succinct Summations for the week ending July 19th, 2019


1. Housing market index came in at 65 for June, above the previous reading of 64.
2. Jobless claims rose 8k w/o/w from 208k to 216k, meeting expectations.
3. Empire State Mfg Survey came in at 4.3 for July above the previous reading of -8.6.
4. Retail sales rose 0.4% m/o/m, greater than the expected increase of 0.1%.
5. Business inventories rose 0.3% m/o/m, meeting expectations.
6. Philly Fed Business Outlook Survey rose from 0.3 to 21.8 in July.


1. Markets lose >1% after increased political pressure on the Federal Reserve and a manic week in racial politics;
2. Job openings came in at 7.323M in May, below the expected 7.400M.
3. Home mortgage apps fell 4.0% w/o/w, after previous increase of 2.0%.
4. Housing starts fell 0.9% m/o/m from 1.265M to 1.253M.
5. Import prices fell 0.9% m/o/m, greater than the expected decrease of 0.6%.; Export prices fell 0.7% m/o/m, greater than expected decrease of 0.2%.
6. Same store sales rose 4.7% w/o/w, decelerating from previous increase of 6.2%.
7. Industrial production came in unchanged m/o/m after an expected 0.1% increase.

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