The outlook for Manufacturing is bright and sunny this beautiful spring morning. The Philly Fed survey comes in at 16.6, almost double the expected number. For this index, 0.0 represents…
jeremyApril 17, 2014
Out With the Old, In With the Young
Now that the DOJ has dropped its criminal investigation of the remodel cost overruns on the Federal Reserve’s HQ, Jerome…
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After taking a mild dive last month, Housing Starts are up 3% in March to an annualized rate of 946,000 new units, missing expectations but still a positive. On the…
jeremyApril 16, 2014
The Consumer Price Index rose 0.2% in March, double the analysts expectations, but right in line with policy makers' target increase to keep inflation growing at 2.0-2.5% per year. NAHB Housing…
jeremyApril 15, 2014
The official Jobs Report released today shows that while the Unemployment Rate remained at 6.7% and new job creation slowed to 192,000, the Labor Participation Rate rose a fraction of a percent…
jeremyApril 4, 2014
"The U.S. economy is still considerably short of the two goals assigned to the Federal Reserve by the Congress of low and stable inflation and maximum sustainable employment." --Janet Yellen. …
jeremyApril 1, 2014
Durable Goods orders are up 2.2%, greater than the 1% increase expected, and larger than January's reading of 1.3%. Durable goods are the stuff we buy that should last longer…
jeremyMarch 26, 2014
Three weaker than expected housing reports hit the wire this morning. Nothing earth shattering but the markets are highly focused on a continued housing recovery. All in all, housing is…
jeremyMarch 25, 2014
Rates jumped a bit after the Fed's monetary policy statement was released yesterday. In the statement, Ms. Yellen indicated that the Fed will start hiking interest rates in April-May of…
jeremyMarch 20, 2014
Foreclosure filings dropped by 10% in February, according to RealtyTrac, and are down 27% from this time last year. Retail Sales rose 0.3%, marginally (as slim as you can get)…
jeremyMarch 13, 2014
No domestic news out today, so we look abroad. More reports that China's exports are slowing down are capping stock prices and sending money over to bonds. This keeps interest…
jeremyMarch 12, 2014
The cost of gasoline is down $0.20 from a month ago. On seemingly unrelated news, Job Openings rose 1.5% during the same period. This brings up two points: 1) Domino's should…
jeremyMarch 11, 2014
Weak export numbers out of China are all we have to go off of today, pushing stocks a little lower and bonds a little higher. On the flipside, US exports…
jeremyMarch 10, 2014
The Bureau of Labor released their Jobs Report showing that 175,000 new jobs were created last month. This is considerably higher than most analysts expected. The data also showed that average…
jeremyMarch 7, 2014