Succinct Summation of Week’s Events 12.27.19

Our last “Succinct Summations” of the year, week ending December 27th, 2019.


1. New market highs are always bullish for future gains.
2. Same store sales rose 6.2% w/o/w, above the previous increase of 4.6%.
3. Jobless claims fell 13k w/o/w, from 235k to 222k.
4. Home refinance apps fell 5.0% w/o/w, above the previous decrease of 7.0%.
5. Chicago Fed National Activity Index came in at 0.56 for Nov., above the previous -0.76.


1. There still is not China deal, just a promise to do a phase one deal next year.
2. More froth entering market as valuations become increasingly stretched.
3. Durable goods orders fell 2.0% m/o/m, below the expected increase of 1.5%.
4. New home sales came in at 719k for November, below the expected 735k.
5. Home mortgage apps fell 5.0% w/o/w, below the previous decrease of 2.0%.

Thanks, Matt!





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