Markets made strong gains on Friday but negative since Monday. Housing permits and starts came in mixed. California unemployment rate 7.2%.
Posts under ‘Daily Market Comment’
Foreclosure activity gains, 1st time in 3-years. Philly Fed and NAHB fall. Industrial production jumps. Unemployment hits a 14-year low.
Markets plunged, PPI slips again, Empire state manufacturing craters, retail sales slip. Beige book more of the same but cracks appear.
Bay area home sales strong from a year ago but weak for the month. Fear index hits a very high 1.53. Shale oil companies fake reserve data.
Energy prices fall and so does the inflation measuring PPI and CPI. True inflation/deflation is a monetary issue, price is a symptom.
Import and export prices fall further into the red. Barclays setteles another LIBOR suit. Major averages fall hard for the week.
Wholesale trade misses big as inventories jump and sales fall. HELOC originations surge. Freebies to buy a new house, 2007 Deja-Vu.
FOMC Minutes show more of the same, easy money, noted slowing global economy, strong Dollar, Fed budget deficit falls again to 486 billion.
positive but slowing home price gains. International economies slow further.
JP Morgan Chase suffers a massive data breach as do 9 other as yet unamed major financial firms. Businesses buyback record amounts of stock.