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 S&P500  -0.06% (2,258.07) ;NASDAQ  -0.13% (5,437.16)  ;DJIA  +0.44% (19,843.41)

This week’s reports:


  • December’s Philadelphia Fed Manufacturing Survey rose to 21.5 from November’s 7.6.
  • December’s NY Empire State Manufacturing Index rose to 9 from November’s 1.5.
  • November’s Industrial Production fell 0.4% from October’s +0.1%. Capacity Utilization fell to 75.0% from October’s 75.4%
  • December’s Markit Manufacturing PMI (prelim.) rose to 54.2 from November’s 54.1.
  • November’s CPI rose by 1.7% y/y versus October’s +1.6% y/y. Core CPI rose by 0.2% m/m versus October’s +0.1% m/m.
  • Initial Jobless Claims for the week ending December 9th fell by 4K to 254K. Continuing Jobless Claims for the week ending December 2th rose by 11K to 2,018K.
  • October’s Business Inventories fell by 0.2% from September’s +0.1%.
  • November’s Retail Sales rose 0.1% from October’s +0.6%. Retail Sales ex Autos rose 0.2% from October’s +0.6%.
  • December’s NAHB Housing Market Index rose to 70 from November’s 63.
  • November’s Housing Starts rose to an annual pace of 1.090M from October’s 1.340M. Building Permits rose to an annual pace of 1.201M from October’s 1.260M

  • The Fed raised interest rates by a quarter-point on Wednesday to a range of 0.5 percent to 0.75 percent and repeated that it expects to tighten policy gradually, signaling that three increases may be warranted in 2017.
  • US stocks slid as a report that China’s navy seized a US drone in international waters in the South China Sea spurred geopolitical concern and financial companies dropped for the third day this week.



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