TODAY'S MARKET SUMMARY

-02/09-        10 year bond 2.03%. U.S. stocks indexes up on Greek progress.	Strong: Weak: Full Line Insurance Consumer Electronics General Mining Clothing & Accessories     Coal Recreational Products Biotechnology Auto Parts

CURRENT MARKET OUTLOOK

(Live weekdays 9:00-12:00 and 1:30-5:00 ET--Voicemail at other times)

                              Economic IndicatorsMarket Impact

Week:  01/23 - 01/27

• FOMC Rate Decision unchanged
  Positive (The Federal Reserve announced that rates would remain low into 2014 which was longer than analysts had expected.)
• Durable Orders  +3.0%
  Positive (The December report came in above the consensus estimate.)
• New Home Sales -7K to 307K
  Negative (Figures for December had been expected to improve.)
• Leading Indicators  +0.4%
  Neutral (The increase was smaller than the consensus forecast.)
• Jobless Claims +20K to 377K
  Negative (The rise in new claims disappointed the markets.)
• Gross Domestic Product  -0.4 to 2.8%
  Negative (The first estimate for Q4 showed deceleration from the 3rd quarter.)
• Michigan Sentiment +1.0 to 75.0
  Neutral (The final January revision came in slightly above the consensus estimate.)

Week:  01/16 - 01/20

• Empire Manufacturing Index +5.3 to 13.5
  Positive (Manufacturing activity in the New York region rose well above expectations.)
• Producer Price Index  -0.1%
  Positive (Inflation remained benign during December even though the core rate rose +0.3%, which was a little more than had been forecasted.)
• Industrial Production +0.4% 
  Positive (The gain during December reversed the previous negative direction and was close to the consensus forecast.)
• Consumer Price Index  +0.0%
  Positive (Good inflation report for retail prices in January with the core rate up just +0.1%.)
• Jobless Claims -50K to 352K
  Positive (New claims fell more than expected and continued to remain below the psychologically important 400k level.)
• Housing starts -28K to 65.7K
  Neutral (New starts during December decline more than had been projected but new Building Permits at 679K hit expectations.)
• Philadelphia Fed Survey  +0.5 to 7.3
  Neutral (The gain for January showed economic activity rising at a slower rate than had been forecasted.)
• Existing Home Sales +220K to 4.61M
  Positive (December sales beat expectations.)

  Return to Menu