Project Description



S&P500  +0.94% (3,265.35);   NASDAQ  +1.75% (9,178.86);   DJIA  +0.66% (28,823.77)

This week’s reports:

  • December’s Unemployment Rate was unchanged from November’s 3.5% after Non-Farm Payrolls rose by 145K from November’s +256K. Labor Force Participation was also unchanged from November’s 63.2%.
  • December’s Average Hourly Earnings rose 2.9% y/y versus November’s +3.1% y/y. Average Weekly Hours were unchanged from November’s 34.3.
  • November’s Consumer Credit rose by $12.51 billion from October’s +$18.98 billion. Credit-card borrowing declined slightly in November, but this was offset by faster growth of non-revolving debt.
  • December’s Markit Services PMI rose to 52.8 from November’s 52.2. Composite PMI rose to 52.7 from November’s 52.2.
  • December’s ISM Non-Manufacturing PMI rose to 55 from November’s 53.9.
  • November’s Factory Orders fell 0.7% from October’s +0.2%.
  • November’s Wholesale Inventories fell 0.1% from October’s no change.
  • Initial Jobless Claims for the week ending January 3rd fell by 9K to 214K. Continuing Jobless Claims for the week ending December 27th rose by 75K to 1.803M.