Economics
This Week’s Data
The
International Council of Shopping Centers reported weekly dales of major retailers
fell 1.5% versus the prior week but rose 1.7% on a year over year basis;
Redbook research reported month to date retail chain store sales up 3.1% versus
the comparable period a year ago.
The
January Case Shiller home price index increased 0.8% versus expectations of
+0.7%.
February
new home sales dropped 3.2% versus estimates of a decline of 5.9%
March
consumer confidence came in at 82.3 versus forecasts of 78.4.
The
March Richmond Fed manufacturing index was reported at -7 versus consensus of
+3.
Weekly mortgage
applications fell 3.5% while purchase applications rose 3.0%.
February durable goods
orders increased 2.2% versus consensus of +1.0%; however, ex transportation,
orders were up 0.2% versus expectations of +0.4%---plus the January report was
revised down.
Other
More
on too big to fail banks (medium):
What
the copper/gold ratio is telling us (short and today’s must read):
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