Succinct Summations for the week ending November 8th, 2019
1. Hope stays alive for a trade deal with China before the end of the year…
2. Jobless claims fell 8k w/o/w from 219k to 211k.
3. International trade deficit came in at -$52.5B for September, meeting expectations.
4. Same store sales rose 5.5% w/o/w, above the previous increase of 4.5%.
5. Consumer sentiment came in at 95.7 for early November, above the previous 95.5.
6. ISM Mfg index came in at 54.7 for October, above the expected 53.5.
1. Impeachment proceedings are accelerating; a parade of damning witnesses is on deck for next week also.
2. Job openings fell 3.8% m/o/m from 7.051M to 7.024M.
3. Q3 productivity disappointed, falling 0.3% (q/o/q annualized) vs. estimate of + 0.9%.
4. Home mortgage apps fell 3.0% w/o/w, below the previous increase of 2.0%; Consumer credit came in at $9.5B m/o/m, below the expected $15B.
5. PMI index came in at 50.6 in October, below the expected 51.0.
6. Factory orders fell 0.6% m/o/m, below the expected decrease of 0.5%.