Retailers are not dreaming of a white Christmas. Whether a snowstorm impacting the Mid-Atlantic region this weekend will impact an arguably lackluster holiday shopping season is yet to be seen. But, bad weather does have a tendency of keeping would be shoppers home, however, these shoppers will still have access to online stores, but given […]
Archive:
Durable Goods
The market will be providing a cornucopia of data this week centered on Tuesday and Wednesday, which you can mull over as you begin brining your turkeys—as an aside here’s the recipe I will be following this year. Also, I wrote an interesting column on Friday for Real Money titled ‘Talking Turkey on Agricultural Trends’ […]
September’s new home sales came in at a disappointing seasonally adjusted annual rate of 402K units, compared to a revised pace of 417K a month prior. In September the supply of new homes remained stable at 7.5 months. The median new home price increased by 2.5% to $204,800. The reason for the decline can likely […]
Undoubtedly the most important item on this week’s calendar will be Wednesday’s FOMC announcement, which is highly unlikely to show any changes to the current policy stance. But, as always, the market will be paying close attention the wording of the FOMC’s statement, which turned slightly more constructive last month indicating that financial markets have […]
June’s Durable goods orders were down 2.5%, the biggest drop in 5 months, on the back of weak demand for transportation and communication equipment. The Bloomberg consensus forecast stood at -0.6%. Making matters worse, May’s number was revised down to 1.3% from 1.8%. There was some good news in the details at least; Durable good […]
We have a rather tumultuous week in terms of economic data, which will focus on the US housing sector, consumer confidence, durable goods, and US GDP. The week kicks off Monday morning with the US Census Bureau reporting June’s new home sales. Recent housing data has been indicative of a bottom for the sector, so […]