Good & Bad For The Week

Byaaronmat-admin

Good:

  1. Stocks rallied nicely helping the Nasdaq 100 jump to a 15-year high
  2. Greece is still in the eurozone (for now)
  3. Producer prices rose +0.4% in June, beating estimates for a gain of +0.3%
  4. The Empire Manufacturing Survey for July came in at 3.86, beating the forecast for 3.5
  5. Jobless claims came in at 281k, beating estimates for 282k
  6. Housing starts jumped to 1.174M, beating estimates for 1.125M

Bad:

  1. Retail sales fell -0.3%, missed estimates for a gain of +0.3%
  2. The NFIB small business optimism index was 94.1, missing estimates for 97.5.
  3. Industrial production rose 0.3% in June, beating estimates for a 0.2% gain
  4. The Fed’s beige book shows the economy is still struggling to lift off
  5. The Philly Fed index slowed considerably to 5.7, missing estimates for 12.0
  6. Consumer sentiment came in at 93.3, missed estimates for 96.0