Project Description



S&P500 +0.85% (3,093.08);   NASDAQ +1.06% (8,475.31);   DJIA +1.22% (27,681.24)

This week’s reports:

  • November’s Michigan Consumer Sentiment Index (prelim.) rose to 95.7 from October’s 95.5.
  •  September’s Consumer Credit rose by $9.51 billion, its slowest rate in 15 months, from August’s jump of $17.84 billion. Revolving credit fell for the second straight month in September, while non-revolving credit rose at the slowest rate in four months.      
  • Q3 2019 Unit Labor Costs (prelim.) rose at annualized 3.6% versus Q2’s 2.4%. Non-Farm Productivity (prelim.) fell at annualized 0.3% versus Q2’s +2.5%.
  •  October’s Markit Services PMI fell to 50.6 from September’s 51.0. Composite PMI fell to 50.9 from August’s 51.2.
  • October’s ISM Non-Manufacturing PMI rose to 54.7 from September’s 52.6.      
  •  September’s Wholesale Inventories fell 0.4% from August’s -0.3%.    
  •  September’s Factory Orders fell 0.6% from August’s -0.1%.      
  •  Initial Jobless Claims for the week ending November 1st fell by 8K to 211K. Continuing Jobless Claims for the week ending October 25th fell by 3K to 1,689K