US

S&P500  -11.49% (2,954.22);   NASDAQ  -10.54% (8,567.37);   DJIA  -12.36% (25,409.36)

This week’s reports:

  • Q4 2019 GDP Growth Annualized (second estimate) was 2.1%, the same as initially estimated.
  • February’s Michigan Consumer Sentiment Index rose to 101 from January’s 100.9.
  • February’s Consumer Confidence Index rose to 130.7 from 130.4 in January.
  • January’s Personal Income rose 0.6% from December’s +0.1%. Personal spending rose 0.2% from December’s +0.4%.
  • December’s FHFA Housing Price Index rose 0.6% from November’s +0.3%.
  • December’s S&P/Case-Shiller Home Price Indices rose 2.9% y/y versus November’s +2.5% y/y.
  • January’s New Home Sales rose 7.9% from December’s +2.3%. Pending Home Sales rose 5.2% from December’s -4.3%.
  • February’s Chicago PMI rose to 49 from January’s 42.9.
  • January’s Chicago Fed National Activity Index (CFNAI) rose to -0.25 from December’s -0.51.
  • February’s Dallas Fed Manufacturing Index rose to 1.2 from January’s -0.2.
  • February’s Richmond Fed Manufacturing Index fell to -2 from January’s 20.
  • January’s Durable Goods Orders fell 0.2% from December’s +2.9%. Durable Goods Orders ex Transportation rose 0.9% from December’s +0.1%.
  • February’s Kansas Fed Manufacturing Index rose to 8 from January’s -4.
  • January’s Wholesale Inventories fell 0.2% from December’s -0.3%.
  • Initial Jobless Claims for the week ending February 21st rose by 8K to 219K. Continuing Jobless Claims for the week ending February14th fell by 9K to 1.724M.