GDP Q2

quarter GDP, september durable goods and new home sales, the LPS “first look”, et al

Consumer Confidence is at a 9 month low...

Despite Record High Stocks, Consumer Confidence Crashes to 9 Month Low

DJIA

DJIA

Nondefense capital goods excluding aircraft tumbled in July, and imploded to -3.4%, below expectations of a -0.2% print, with the previous print revised from -1.4% to -2.7%)

Nondefense capital goods excluding aircraft tumbled in July, and imploded to below expectations of a print, with the previous print revised from to

The median new home price slid to $224,200, down from $229,100 in June, and the lowest since January, while the average home price declined from $266,900 to $263,200. This was the lowest average price posted so far in 2012.

Spot The Housing Bottom: New Homes For Sale Drop To Lowest Ever; Average New Home Price Plunges To 2012 Lows

The reality: the actual number of new homes sold in July was 34,000, the same as in June, and the lowest since March. Of this, a massive 3,000 (yes, three thousand) homes were sold in the Northeast in the entire month. Where things get worse is when one looks at the number of new homes for sale. At 142,000 (of which just 38,000 actually completed), this was the lowest number. EVER

Spot The Housing Bottom: New Homes For Sale Drop To Lowest Ever; Average New Home Price Plunges To 2012 Lows

Median and Average price

Spot The Housing Bottom: New Homes For Sale Drop To Lowest Ever; Average New Home Price Plunges To 2012 Lows

One can read a clear deterioration in SocGen's economic newsflow indicator, indicating that global growth is in danger in the months ahead...

One can read a clear deterioration in SocGen's economic newsflow indicator, indicating that global growth is in danger in the months ahead.

The ongoing collapse in former workers collecting Emergency Unemployment Compensation

Market Unhappy With Initial Claims Miss As Million People Fall Off Extended Benefits In Past Year

Initial claims posting an increase from last week's upward revised 368K print to 372K this week, worse than the expected improvement to 365K

Initial claims posting an increase from last week's upward revised print to this week, worse than the expected improvement to

Central banks.jpg (951×674)

Central banks.jpg (951×674)

Treasury yields plunging their most in over 2 months...

Treasury yields plunging their most in over 2 months.

Gold broke above its 200DMA and trades back to May 2nd levels...

Gold broke above its and trades back to May levels.

Pinterest
Search