Succinct Summation of Week’s Events 8.16.19

Succinct Summations for the week ending August 16th, 2019


1. POTUS saves Xmas! Ok, not quite, but fearing the deceleration of retail sales, the President postponed many tariffs until year end; U.S./China Trade Negotiators are (supposedly) coming back to the table;
2. Productivity in Q2 was better than expected with a 2.3% q/o/q annualized pace;
3. Retail sales rose 0.7% m/o/m, above the expected increase of 0.3%.
4. Import and export prices both rose 2.0% in m/o/m, above the expected 1.0% decrease.
5. CPI rose 0.3% m/o/m, above the expected increase of 0.2%.
6. Home mortgage refinance apps rose 37.0% w/o/w, above previous increase of 12.0%.


1. As it turns out, Trade Wars are neither good nor easy to win;
2. Industrial production fell 0.2%, below the expected increase of 0.1%.
3. Non-farm productivity rose 2.3% q/o/q, below the previous increase of 3.5%.
4. Same store sales rose 4.4% w/o/w, decelerating from previous increase of 5.1%
5. Jobless claims rose 9k w/o/w from 211k to 220k.
6. Philly Fed Business Outlook Survey came in at 16.8, below previous 21.8.


Thanks, Matt~!

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