Good & Bad For The Week

Byaaronmat-admin

Good:

  1. Stocks rallied off the lows and ended mixed for the week
  2. The NFIB small business optimism index rose to 95.4, beating estimates for 95
  3. Retail sales rose 0.6%, beating estimates for 0.5%
  4. Industrial production rose +0.6% in July and also beat estimates for 0.4%
  5. Producer prices rose to a seasonally adjusted +0.2% rate, beating estimates for a +0.1% gain
 
 
Bad:
  1. China’s government devalued their currency
  2. Nonfarm productivity rose to 1.3%, missing estimates for 1.6%.
  3. The Atlanta Fed Business Inflation Expectations rose 1.8%, missing estimates for 2% which signals deflation remains more of a threat than inflation
  4. Jobless claims rose to 274k, missing estimates for 270k
  5. The University of Michigan’s consumer sentiment index edged slightly lower to 92.9 in August, missing estimates for 93.5