Reading


 

The economy needs inflation. Unfortunately for the Federal Reserve, the current inflationary trends are still running slower than what is needed to justify many more interest rate hikes.

ahead consumer core expectation inflation July median reading survey year

 

Schedule for Week of Aug 13, 2017 [0.10]

Posted on Aug. 12, 2017, 12:11 p.m. by Calculated Risk @ [source]

The key economic reports this week are July retail sales and Housing Starts.

No major economic releases scheduled.

August consensus economic housing July June reading Retail sales shows

 

The Dow (+0.1%) finished in line with the benchmark index while the Nasdaq outperformed, advancing 0.6%. The benchmark S&P 500 dropped 1.4% while the Dow (-1.1%) did a little better and the Nasdaq (-1.5%) did a little worse.

consumer CPI Friday index June market North Korea reading selling year

 

Producer Prices Unexpectedly Decline [-0.05]

Posted on Aug. 10, 2017, 5:20 p.m. by MishTalk @ [source]

The Producer Price Index (PPI) for final goods unexpectedly declined in July.

Lack of inflation has been the issue this year but July’s producer price report raises new concerns, that is disinflation.

energy fell food goods July PPI producer reading report services

 

Education Secretary Betsy DeVos spoke about the importance of early education during an event to prevent the "summer slide" in reading and other skills.

Betsy DeVos early Education importance prevent reading Secretary slide spoke

 

Cybersecurity has become an increasingly important issue that companies have to address as they continue to develop new platforms and mobile apps. As a result, cybersecurity has become more necessary, and instead of developing a dedicated department within a company, most opt to hire a third-party cybersecurity firm.

companies cybersecurity Inc interest NASDAQ reading shares software trading trading week

 

Small Business Confidence Bounces Back [0.04]

Posted on Aug. 8, 2017, 1:35 p.m. by Bespoke Investment Goup @ [source]

After five straight months of declining or flat readings in small business optimism, July’s update from the NFIB showed a big turnaround. This puts the index back within a point of its cycle high and indicates that despite a lack of progress in DC, small business owners are seeing improved conditions on the ground.

biggest business owners cited issue Labor poor quality reading sales small business

 

A Reading List for the Dog Days of Summer [0.17]

Posted on Aug. 6, 2017, 11 a.m. by Morningstar Articles @ [source]

The dog days of summer demand taking time out to enjoy a good book.

We asked Morningstar readers which investing or financial books they're reading during these sultry days.

asked book Ellis financial Investing mentioned Reader reading recommendations recommends

 

The Dow (+0.3%) cruised to its eighth-consecutive record close, finishing a tick above both the S&P 500 (+0.2%) and the Nasdaq (+0.2%).

According to the Dow Jones Industrial Average, the stock market had yet another bullish week; the industrial average ended Friday at a record high, for the eighth session in a row, and a weekly gain of 1.2%.

Briefing com com consensus earnings growth investors job July market reading report

 

The July ISM Non-manufacturing index was at 53.9%, down from 57.4% in June. The employment index decreased in July to 53.6%, from 55.8%.

consecutive decreased employment growth index ISM July June non manufacturing reading

 

Some recent economic data have proven to be rather meager: wage growth is tepid, auto sales are weak and personal income did not budge month over month in its most recent reading. This most recent reading was the highest in the report's history.

Bespoke consumer market personal reading recent report responses sentiment survey

 

This Friday’s key report from the U.S. Department of Labor may contain some less aggressive growth metrics on the jobs front.

Wednesday acted as a preview for the flat to soft directional bias for Friday’s Bureau of Labor Statistics (BLS) report after ADP released its national payrolls report for July.

ADP Bloomberg BLS gain July June payroll reading report REUTERS

 

While most economic reports have come in with mixed readings lately, the common theme seems to be moderate growth but with inflationary pressure that is much less than what the Federal Reserve has targeted in its quest to seek higher interest rates and a normalized balance sheet.

A fresh report from the Bureau of Economic Analysis showed subdued inflation in personal income and spending ahead of what is expected to be a slower payroll growth report in this coming Friday’s key unemployment report from the Bureau of Labor Statistics.

economic growth higher index ISM July manufacturing moderate reading report

 

Why BLS May Have Slower Payrolls Growth in July [0.09]

Posted on July 31, 2017, 3:55 p.m. by 24/7 Wall St. @ [source]

The first Friday of every month gives economists, investors, employers and workers a rather live snapshot of the U.S. labor market. The Bureau of Labor Statistics will report the employment situation for July on Friday, August 4, 2017.

Bloomberg consensus July June Labor payroll preliminary reading report REUTERS

 

Pending Home Sales End 3-Month Slide in June [0.13]

Posted on July 31, 2017, 2:35 p.m. by 24/7 Wall St. @ [source]

The National Association of Realtors (NAR) Wednesday morning released its data on pending sales of existing homes for June.

June sales rose in three of four NAR’s geographical regions.

ago areas home index June market month reading rose sale

 

The Chicago Purchasing Managers’ Index (PMI) had been steadily accelerating in 2017, and it reached a three-year high in June with its reading of 65.7. This is a regional barometer only, but many economists and investors use the Chicago PMI to benchmark that national Institute for Supply Management (ISM) and PMI reports for the manufacturing and services segments of the economy.

Chicago fell ISM July lowest month PMI reading report wage

 

We have seen a classic midday dip in the markets Thursday because certain sectors are absurdly overbought, and the volumes have been thin.

I have never seen this reading in 20 years, although I am not sure if it is an historic high.

absurdly drops illustrate index market midday momentum overbought reading stock

 

Jobless Claims Tick Higher [0.15]

Posted on July 27, 2017, 1:27 p.m. by Bespoke Investment Goup @ [source]

Jobless claims came in a bit higher than expected this week rising from 234K up to 244K compared to expectations for an increase to 240K. On an NSA basis, jobless claims came in at just 219.8K, which is once again more than 100K below the average for the current week of the year dating back to 2000.

claims current higher Jobless lower NSA reading remain straight week

 

Bullish Sentiment Remains in the Dumps [0.14]

Posted on July 27, 2017, 1:11 p.m. by Bespoke Investment Goup @ [source]

With record after record in the major equity averages, you would think individual investors would eventually get excited, but not so again this week. That now makes it 134 straight weeks where bulls have been out of the majority.

bearish bullish declined investors Neutral reading Record sentiment survey weekly

 

Consumer Confidence Back on the Upswing [0.19]

Posted on July 25, 2017, 4:31 p.m. by Bespoke Investment Goup @ [source]

After three straight months of declines, Consumer Confidence saw a solid rebound this month, rising from 117.3 up to 121.1. While the headline reading in Consumer Confidence is still off its cycle-high of 124.9 from March, it still sits at levels that have rarely been seen in the last seventeen years.

attitudes confidence consumer find job July reading shown straight years