Good & Bad For The Week

Byaaronmat-admin
Good:
  1. Stocks defended support and rallied in July
  2. Durable goods orders rose 3.4%, beating estimates for a 3.1% gain
  3. The PMI Services Flash index rose to 55.2, beating estimates for 54.8
  4. The Richmond Fed Manufacturing index came in at 13, beating estimates for 7.5
  5. The weekly initial claims rose to +267k, beating estimates for a gain of 272k
  6. The Chicago PMI rose to 54.7, beating estimates for 50
Bad:
  1. U.S. GDP grew by +2.3% in Q2 2015, missing estimates for +2.6% (even though rates are at zero)
  2. Dallas Fed Manufacturing Data fell to negative -4.6%, even with rates at zero
  3. Case-Shiller index fell -0.2%, missing estimates for +0.3%
  4. Consumer Confidence slid to 90.9, missing the Street’s estimate for 99.6
  5. Pending Homes sales fell sharply to -1.8%, missing estimates for a gain of 1%
  6. Consumer sentiment softened to 93.1, missing estimates for 94.1