Succinct Summation of Week’s Events 3.13.20

Succinct Summations for the week ending March 13th, 2020


1.  All things considered, it could have been much worse this week. Market finished down 8.8%.
2. Jobless claims fell 4k w/o/w from 215k to 211k.
3. Home mortgage apps rose 6.0% w/o/w, above previous decrease.
4. Home refinance apps rose 79.0%, above the previous increase.
5. CPI rose 0.1% m/o/m, meeting expectations.
6. NFIB Small Business Optimism Index came in at 104.5 for Feb.


1.  POTUS & his team clearly not up to dealing with a global pandemic.
2. ISM reports that 70% of its respondents experienced a coronavirus disruption.
3. Import prices fell 0.5% m/o/m, below the previous no change.
4. Export prices fell 1.1%, below the previous increase of 0.7%.
5. Consumer Sentiment Index is at 95.9 for March, below expectations.
6. PPI-FD fell 0.6% m/o/m, below the previous increase.

Thanks, Matt



S&P 500 Index, One Year

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