US

S&P500  -2.12% (3,225.52);   NASDAQ  -1.76% (9,150.94);   DJIA  -2.53% (28,256.03)

This week’s reports:

  • Q4 2019 GDP Growth Annualized (prelim.) was 2.1%, the same as in Q3.
  • December’s Personal Income rose 0.2% from November’s +0.4%. Personal Spending rose 0.3% from November’s +0.4%.
  • January’s Michigan Consumer Sentiment Index rose to 99.8 from December’s 99.1. Conference Board Consumer Confidence jumped to 131.6, a five-month high, from December’s 128.5.
  • November’s S&P/Case-Shiller Home Price Indices rose 2.6% y/y versus October’s 2.2% y/y.
  • December’s New Home Sales fell 0.4% from November’s -1.1%. New Home Sales fell 4.9% from November’s +1.2%.
  • January’s Chicago PMI fell to 42.9 from December’s 48.2.
  • January’s Richmond Fed Manufacturing Index surged to 20 from December’s -5.
  • January’s Dallas Fed Texas Manufacturing Index rose to -0.2 from December’s -3.2.
  • December’s Durable Goods Orders rose 2.4% from November’s -3.1%. Durable Goods Orders ex Transportation fell 0.1% from November’s -0.4%.
  • December’s Wholesale Inventories (prelim.) fell 0.1% from November’s +0.1%.
  • Initial Jobless Claims for the week ending January 24th fell by 7K to 216K. Continuing Jobless Claims for the week ending January 17th fell by 44K to 1.703M.