Good & Bad For The Week

Byaaronmat-admin

Good:

  1. The bulls defend the 200 DMA line
  2. Consumer confidence rose to 101.4 in June, beating estimates for 97.4
  3. ADP said private employers added 237k new jobs in June, beating estimates for 220k
  4. The ISM manufacturing index came in at 53.5, barely beating estimates for 53.2
  5. Construction spending rose to 0.8%, beating estimates for 0.5%

Bad:

  1. Still no deal in Greece
  2. Greece initiates capital controls and shuts down banking system
  3. U.S. pending home sales rose +0.9%, hitting the highest level in 9 years, missing estimates for a gain of +1.2%
  4. The Case-Shiller index slowed sharply to up +0.3%, missing estimates for a gain of 0.8%
  5. The Chicago PMI remains sluggish and came in at 49.4, missing estimates for 50.6
  6. The PMI manufacturing index came in at 53.6, barely missing estimates for 53.7
  7. Fake Jobs report missed estimates. Gov’t said economy created 223k new jobs in June, estimates 233k
  8. Factory orders fell 1%, missing estimates for -0.3%