Succinct Summation of Week’s Events, July 12, 2019

Succinct Summations for the week ending July 12th, 2019


1. Markets made new all time highs, as the Dow breaks 27,000 and the S&P 500 breaches 3000. Despite whjat you may have heard, new all time highs are always bullish.
2. Same store sales rose 6.2% w/o/w, higher than the previous increase of 5.5%.
3. Jobless claims fell 13k w/o/w from 222k to 209k.
4. Home mortgage apps rose 2.0% w/o/w, up from the previous increase of 1.0%.
5. Consumer credit rose $17.1B m/o/m, exceeding the expected $17.0B.
6. CPI rose 0.1% m/o/m, greater than the expected no change.


1. Acosta out, as yet another Trump cabinet member resigns in scandal; more repercussions likely to come.
2. Job openings came in at 7.323M in May, below the expected 7.400M.
3. Home mortgage refinance apps fell 7.0% w/o/w, down from previous decrease of 1.0%.
4. Wholesale trade rose 0.4% m/o/m, lower than the previous increase of 0.8%.
5. TD Ameritrade IMX fell 0.32 points in June, as retail investors were net sellers for the first time in 2 years.


Thanks, Matt!

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