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S&P500  -0.13%(2,578.85); NASDAQ  +0.47% (6,782.79); DJIA  -0.27% (23,358.24)


This week’s reports:

  • October’s CPI rose 2.0% y/y versus September’s +2.2% y/y. Core CPI rose 1.8% y/y versus September’s +1.7% y/y.
  • October’s Retail Sales rose 0.2% from September’s +1.9%. Retail Sales ex Autos rose 0.1% from September’s +1.2%.      
  • November’s NAHB Housing Market Index rose to 70 from October’s 68.
  • October’s Housing Starts jumped 13.7% from September’s -3.2%. Building Permits rose 5.7% from September’s -3.7%.
  • November’s NY Empire State Manufacturing Index fell to 19.4 from October’s 30.2.
  • November’s Philadelphia Fed Manufacturing Index fell to 22.7 from October’s 27.9.
  • September’s Business Inventories were flat from August’s +0.6%.
  • October’s Industrial Production rose 0.9% from September’s +0.4%. Capacity Utilization rose to 77% from September’s 76.4%.      
  • Initial Jobless Claims for the week ending November 10th rose by 10K to 249K. Continuing Jobless Claims for the week ending November 3rd fell by 44K to 1,860K.


  • US stocks fell for a second week as concern remained about whether Trump’s tax reform could be achieved by year-end. Major indexes have also wobbled over the past several sessions as they have been hurt by a drop in the price of oil even as consumer companies have risen.


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