News on Stocks in Our Portfolios
Scotiabank beats forecasts, hikes dividend
This Week’s Data
The International Council of shopping Centers reported weekly sales of major retailers up 0.2% versus the prior week and up 1.9% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 0.3% versus the similar timeframe last month and up 3.8% on a year over year basis.
The June Case Shiller home price index rose 0.9% month over month versus expectations of +1.0%.
The August Conference Board’s index of consumer confidence came in at 81.5 versus estimates of 78.0.
The August Richmond Fed manufacturing index was reported at 14.0 versus forecasts of 0.0.
Weekly mortgage applications were down 2.5% while the more important purchase applications rose 2.0%
We are still hostages of the big banks (medium and today’s must read):
Uncle Sam wants another $6 billion from JP Morgan (medium):
Final Obamacare ‘individual mandate’ rules released---read’m and weep: