Project Description



S&P500  +1.58%(2,500.23); NASDAQ  +1.39% (6,448.47); DJIA  +2.16% (22,268.34)


This week’s reports:

  • August’s CPI rose 1.9% y/y versus July’s +1.7% y/y. CPI ex Food and Energy rose 1.7% y/y, the same as in July.
  • August’s Retail Sales fell 0.2% from July’s +0.3%. Retail Sales ex Autos rose 0.2% from July’s +0.4%.
  • September’s Michigan Consumer Sentiment Index (prelim.) fell to 95.3 from August’s 96.8.
  • September’s NY Empire State Manufacturing Index fell to 24.4 from August’s 25.2.
  • August’s Industrial Production fell 0.9% from July’s +0.4%. Capacity Utilization fell to 76.1 from July’s 76.9.
  • July’s Business Inventories rose 0.2% from June’s +0.5%.
  • Initial Jobless Claims for the week ending September 8th fell by 14K to 284K. Continuing Jobless Claims for the week ending September 1st fell by 7K to 1,944K.
  • US stocks capped the best week since January, with the S&P 500 Index climbing above 2,500 for the first time, as investors shrugged off the latest rise in tensions on the Korean peninsula and a terrorist attack in London. Shares were supported by a decline in expectations for a rate increase after a string of weaker than expected economic data.
  • Stock market gains came along with news that US congressional Republicans plan to release the outline of a tax reform plan later this month. The possibility of tax cuts or tax reform could improve prospects for growth in 2018 and beyond, supporting elevated stock market valuations.



To read more, Click Here