Category: Weekly Drive

8 posts categorized as "Weekly Drive"


Weekly Drive: October 27th to October 31st, 2014

NOTE: Content was written on 11/4 and posted 11/7. Certain events already took place. I hope everyone is ready for winter. It is coming. We had our first snowflakes of the season last Friday along with massive waves on the lakefront which ruined the walking path. THE KEY ECONOMIC LANDMARKS WE PASSED 1.  Housing Pending Home…

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Weekly Drive: October 20th to October 24th, 2014

Halloween is here! There are a few more days to buy candy, carve a pumpkin, and figure out what costume to wear. Hope everyone has a safe and fun time on Friday. THE KEY ECONOMIC LANDMARKS WE PASSED 1. Housing Existing Home Sales: 5.17M vs 5.10M est. New Home Sales: 467K vs 470K est. News…

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Weekly Drive: October 14th to October 17th, 2014

THE KEY ECONOMIC LANDMARKS WE PASSED 1. Retail Sales: -0.3% vs. -0.1% est. A bit of a bummer report but also not completely unexpected considering sales were up 0.6% in August. Excluding autos, sales were still down -0.2% for the month. A look at Figure 1 shows weakness across many categories, including gasoline stations and…

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Weekly Drive: September 29th to October 10th, 2014

I am a week behind so it is time to catch up. Economic reports were sparse last week so much of the discussion there will be focused on the week prior. Financial markets will be covered for both periods. THE KEY ECONOMIC LANDMARKS WE PASSED 1. Nonfarm Payrolls: 248K vs. 215K est. We got the…

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Weekly Drive: August 18th to August 22nd, 2014

THE KEY ECONOMIC LANDMARKS WE PASSED 1. Housing – there were a lot of data points related to housing so I’ll sum them up in quick bullet points. Housing Starts: 1093K vs. 965K est. NAHB Index: 55 vs. 53 est. Building Permits: 1052K vs 1000K est. Existing Home Sales: 5.15M vs 5.02M est. Looking at…

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Weekly Drive: August 11th to August 15th, 2014

THE KEY ECONOMIC LANDMARKS WE PASSED 1. Retail Sales: 0.0% vs. 0.2% est. On a negative note, retail sales came in flat for July. Consumers appeared to slow down purchases of big ticket items as motor vehicles, furniture, appliances, and department stores all saw declines. Falling gas prices over the last month and a half should give…

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Weekly Drive: August 4th to August 8th, 2014

THE KEY ECONOMIC LANDMARKS WE PASSED 1. ISM Non-manufacturing: 58.7 vs. 56.5 est. The latest report on the service industry smashed expectations and hit the highest level in nearly a decade (December 2005). With yet another print above 50, services have expanded for 54 straight months. The new orders subset also hit decade highs with a reading…

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Weekly Drive: July 28 to August 1, 2014

Welcome to the first edition of our new weekly commentary piece. My goal is to use this forum as a way to summarize economic and market activity from the prior week while providing insight from my seat on the Investment Committee and trade desk. THE KEY ECONOMIC LANDMARKS WE PASSED 1. Q2 GDP: 4.0% vs. 3.0% est, Q1…

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