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Succinct Summation of the Week's Events
Succinct Summation of the Week’s Events: Positives, 1)Initial jobless claims totaled 204k vs 202k last week and that was below the estimate of 215k…
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Peter Boockvar
Inflation, spending, income and the savings rate falls to lowest of the year.
Headline PCE for September rose .4% m/o/m headline and by .1% core, both one tenth below estimates but because of rounding the y/o/y gains of 3.5% and…
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Peter Boockvar
Some relief on the inflation front/NKE and ACN comments/Other
I do want to first comment on the interest rate story and the worries about the state of US finances which in turn is a major factor I believe in the…
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Peter Boockvar
Market sentiment getting more dour/Yields/Some company commentary
We're going to hear today from Fed president's Goolsbee and Barkin today along with Governor Cook and Chair Powell. To state again, we'll see if there…
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Peter Boockvar
Durable goods orders
Core durable goods orders in August were better than expected, even with a 5 tenths downward revision to July. An order pick up of 1.1% m/o/m in…
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Peter Boockvar
Neel and Michelle, please see the further tightening that has gone on
After thinking further about what Minneapolis Fed president Neel Kashkari said on Monday and what the hawkish Michelle Bowman said last week about both…
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Peter Boockvar
Data rundown on consumer confidence, housing and manufacturing
The September consumer confidence index from the Conference Board was 103, down from a revised 108.7 (initially 106.1) in August and 2.5 pts below…
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Peter Boockvar
LFG!
Taylor Swift continues to carry the US economy on her shoulders, this time boosting the sale of Travis Kelce football jerseys…
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Peter Boockvar
Succinct Summation of the Week's Events
Succinct Summation of the Week’s Events: Positives, 1)Initial jobless claims fell by a sharp 20k w/o/w to just 201k, well below the estimate of 225k…
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Peter Boockvar
There is no growth here
The S&P Global September US manufacturing and services PMI was little changed at around the flat line of 50 at 50.1 vs 50.2 in August. Manufacturing…
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Peter Boockvar
"All we need is just a little patience"
I will not be writing on Monday. I wish I can be as patient as BoJ Governor Kazuo Ueda. On the same day Japan reported its August CPI figure ex food of…
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Peter Boockvar
US mfr'g likely remains in contraction/Housing data
After seeing last week the September NY manufacturing index rise to +1.9 from -19, the Philly index fell to -13.5 from +12 which was worse than the…
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Peter Boockvar
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