Weekly Review 01-12-2019

S&P500 +0.99% (3,140.98); NASDAQ +1.71% (8,665.47); DJIA +0.63% (28,051.41)

This week’s reports:

Q3 2019 GDP Growth Annualized (second estimate) rose 2.1% versus the advance estimate of 1.9%, following upward revisions to private inventory investment, nonresidential fixed investment, and personal consumption expenditures.
October’s Personal Income was unchanged from September’s +0.3%. Personal Spending rose 0.3% from September’s +0.2%.
November’s Consumer Confidence fell to 125.5 from October’s 126.1.
September’s S&P/Case-Shiller Home Price Indices rose 2.1% y/y versus August’s +2.0% y/y.
October’s New Home Sales fell 0.7% from September’s +4.5%. Pending Home Sales fell 1.7% from September’s +1.5%.
November’s Chicago PMI rose to 46.3 from October’s 43.2.
October’s Chicago Fed National Activity Index (CFNAI) fell to -0.71 from September’s -0.45.
October’s Wholesale Inventories rose 0.2% from September’s -0.7%.
November’s Richmond Fed Manufacturing Index fell to -1 from October’s reading of 8.
October’s Durable Orders rose 0.6% from September’s -1.4%. Durable Orders ex Transportation rose 0.6% from September’s -0.4%.
Initial Jobless Claims for the week ending November 22^ndfell by 15K to 213K. Continuing Jobless Claims for the week ending November 15^thfell by 33K to 1.64M.