The Good, The Bad, & The Lovely 09.20.13
The Lovely: The Fed Continues Printing $4B/Day!
Good:
- Stocks are strong
- Industrial production matched estimates and rose 0.4% in August after being flat in July. Read here
- The consumer price index (CPI) rose by 0.1% in August which missed estimates for a gain of 0.2%.Read here
- No Taper, Fed stays the course and continues QE Read here
- Existing home sales surge to a 6.5 year high and top estimates Read here
- The Philly Fed index jumped to 22.3 which was the highest level in over two years and easily beat expectations for a reading of 10 Read here
- Leading economic indicators topped estimates and rose nicely in August. Read here
Bad:
- New York State’s manufacturing index unexpectedly slows in September. Read here
- Home builder sentiment was unchanged at 58 in September, missing estimates for 59. Read here
- Gold and Silver are trading all over the map.
