Wednesday, October 15, 2014

Morning Journal--The fallout from the central bank bubble

News on Stocks in Our Portfolios
·         BlackRock (NYSE:BLK): Q3 EPS of $5.21 beats by $0.55.
·         Revenue of $2.85B (+15.4% Y/Y) beats by $30M.


Economics

   This Week’s Data

            The September NFIB small business optimism index came in at 95.3 versus expectations of 95.8.

            The International Council of Shopping Centers reported weekly sales of major retailers down 0.7% versus the prior week but up 3.8% on a year over year basis; Redbook Research reported month to date retail chain store sales up 3.8% versus the comparable period a year ago.

            Weekly mortgage applications rose 5.6% but purchase applications dropped 1.0%.

            September PPI came in at -0.1% versus expectations of +0.1%.

            September retail sales fell 0.3% versus estimates of a 0.1% decline; ex autos and gas, they fell 0.1% versus forecasts of +0.5%.

            The October New York Fed manufacturing index was reported at 6.17 versus expectations of 20.50.

   Other

            The latest Goldman Sachs Current Activity Index (short):

            The math of Ebola (medium):

            A more concerned view (medium):

            Countdown to QEIV? (short):

            David Stockman on the fallout of central bank created financial bubbles (medium):

No comments:

Post a Comment