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S&P500  +0.81%(2,181.9); NASDAQ  +1.61% (5,321.513); DJIA  +0.11% (18,867.93)


This week’s reports:

October’s CB Leading Indicator rose by 0.1% m/m from September’s +0.2% m/m.

  • October’s Industrial Production was flat versus September’s -0.2%. Capacity Utilization fell to 75.3% from September’s 75.4%
  • November’s Michigan Consumer Sentiment (prelim.) rose to 91.6 from October’s 87.2.
  • November’s NY Empire State Manufacturing Index rose to 1.5 from October’s -6.8.
  • November’s Philadelphia Fed Manufacturing Survey fell to 7.6 from October’s 9.7.
  • October’s CPI rose by 1.6% y/y versus September’s +1.5% y/y. October’s Core CPI rose by 2.1% m/m versus September’s +2.2% m/m.
  • Initial Jobless Claims for the week ending November 11th fell by 9K to 235K. Continuing Jobless Claims for the week ending November 4th fell by 66K to 1,977K.
  • September’s Business Inventories rose by 0.1% from August’s +0.2%.
  • October’s Retail Sales rose 0.8% from September’s +0.1%. Retail Sales ex Autos rose 0.8% from September’s +0.7%.
  • October’s NAHB Housing Market Index remained unchanged at 63.
  • August’s Housing Starts rose to an annual pace of 1.323M from September’s 1.054M. Building Permits rose to an annual pace of 1.229M from September’s 1.225M
  • U.S. stocks added to the rally sparked by Donald Trump’s surprise election, rising for a second week on speculation the president-elect will introduce policies that will spark brisker economic growth. The benchmark for American equity has added 2% since president-elect Donald Trump won the U.S. election, led by a surge in financial stocks and shares of industrial companies.



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