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By admin, on June 24th, 2010%
The ICI fund flow weekly report came out yesterday and showed another week of withdrawals from Domestic Equity mutual funds.
From the report:
Source ICI
Equity funds had estimated outflows of $1.84 billion for the week, compared to estimated outflows of $2.90 billion in the previous week. Domestic equity funds had estimated outflows of $1.82 billion, while estimated outflows . . . → Read More: ICI Fund flows show another withdrawal from domestic equities
By admin, on June 17th, 2010%
How does any reliable economist get out there and make a growth prediction. Once again this morning we receive news that no one is hiring. Jobless claims came in at 472K over the 450K concensus and +12K from last week. Continuing claims also sucked as they were +88K to a total of 4,571,000 on unemployment insurance.
Other . . . → Read More: Economic data for the day
By admin, on June 16th, 2010%
Reports released already are putting pressure on the S&P futures. It amazes me how one day we don’t care and the next day it’s all about the data. Anyway here is what we have so far:
PPI – was (-.30%) vs (-.20%) expected. Core PPI was up .20% and versus the expectation of .10% for core.
Housing still bad as . . . → Read More: Morning economic data
By admin, on June 11th, 2010%
Don’t look now, but retail sales just got hammered. To everyone who is saying this is just a pullback in the market then they are missing the signs. Are we due for a bounce yes, but this kind of economic data argues against the “corporate profits” increases everyone has been discussing.
A quick look at the numbers:
Total . . . → Read More: Retail Sales down in May
By admin, on June 4th, 2010%
Well the jobs report is out and it appears you were only able to get a new job last month if you you work for the census. The private sector added only 41K jobs in May.
Total nonfarm payroll employment grew by 431,000 in May, reflecting
the hiring of 411,000 temporary employees to work on Census 2010, the
U.S. . . . → Read More: Private sector jobs not appearing
By admin, on May 19th, 2010%
Don’t look now, but the S&P is rolling over as well as the other indexes. As you can see from the chart below, the S&P dropped below the 50 day MA last week and bounced off of the 200 day moving average and is testing it again. If we close below the 200 day MA there . . . → Read More: S&P is rolling over
By Don, on April 2nd, 2010%
The jobs report came out earlier and according to the Bureau of Labor Statistics 162,000 jobs were added last month. This is shy of the 200,000 expected by the market, but it is an increase. We have settled in at around 129.6 million workers since October of last year.
Of the jobs added 39K were from increased . . . → Read More: Job creation up, but less than expected
By Don, on November 6th, 2009%
I gave a theory of mine a couple of weeks ago in my article, High unemployment here to stay for a while, regarding how in my opinion a lot of managers use layoffs as a means of letting go their least productive employees. The Productivity numbers for the third quarter came out today and it’s looks . . . → Read More: Increased efficiency – Good for earnings, Bad for workers
By Don, on October 23rd, 2009%
Existing home sales are up 9.4% from last month and actually the annual rate of sales number of existing homes sold last month were the largest number in the last 12 months. The inventory is down to 7.6 months worth of supply.
The large number of sales however come as prices continue to decrease. Prices are down . . . → Read More: Home sales up
By Don, on September 15th, 2009%
Well the next in line of a string of good news lately is that Retail sales were up for August, PPI was up in August, and the Empire State Manufacturing survey was up in August.
Here is a rundown of today’s stats.
Retail sales up 2.7%
PPI up 1.7%
Empire State Manuf. Survey +18.9 up from +12.1
These are numbers up . . . → Read More: Good economic indicators?
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