TODAY'S MARKET SUMMARY

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08/27-
- 10 year bond 3.77%.
- U.S. stocks finish higher as durable-goods orders rise.
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| Strong: |
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Weak: |
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Mortgage Finance
Home Construction
General Mining
Coal |
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Airlines
Auto Parts
Automobiles
Tobacco |
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Economic Indicators
Market Impact
Week 8/18-8/22
- Producer Price Index
+1.2%
Negative
(Inflation at the wholesale level was higher than expected for July with
core prices raising +0.7%.)
- Building Permits
-201K
to 937K
Negative
(The decline that had been forecasted for July was slightly larger than the
consensus estimate.)
- Housing Starts
-119K
to 965K
Negative (The
decline that had been forecasted for July was only slightly smaller than the
consensus estimate)
- Leading Indicators
-0.7%
Negative
(The latest July report came in below expectations.)
- Jobless Claims
-13K to 432K
Neutral
(The decline was close to the projected level.)
- Philadelphia Fed Survey
+3.6 to -12.7
Neutral
(Improvement was only slightly better than analysts had forecasted.)
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