The Good, The Bad, & The Lovely For The Week Ending 09.06.13

Good, Bad and Lovely

The Lovely
: Another shallow pullback for the major averages (so far)

  1. Stocks refuse to fall- Another shallow pullback (so far) for the major averages while leaders act strong and break out
  2. Merger & Acquisition news picked up. Several multi-billion deals announced: Microsoft (MSFT) & Nokia (NOK), Verizon (VZ) & Vodafone (VOD) & Jarden (JAH)/Yankee Candle. Read here
  3. ISM Manufacturing index jumped to 55.7 in August which was the fastest pace in over 2 years. Read here
  4. Chinese manufacturing hit a four month high and beat estimates Read here
  5. Euro-Zone factory activity beat estimates and rose at its fastest pace since May 2011. Read here
  6. Construction spending in the US rose 0.6% to an annual rate of $901 billion which beat the Street’s estimate for a gain of 0.3% Read here
  7. Weekly mortgage applications rose for the first time in four weeks Read here
  8. Auto sales surged in the US to their highest level since the financial crisis began in 2008. Read here
  9. Fed’s Beige Book said the economy expanded at a “modest to moderate” pace in most of the country between July and late August. Read here
  10. Global Central Banks maintain their easy-money policies. Read here
  11. Weekly jobless claims slid to a five-year low, falling 9k to a seasonally adjusted 323k and beat estimates for 330k. Read here
  12. Australia GDP grows by 2.6% in Q2, beating estimates for a gain of 2.5%. Read here
  13. ISM Service index surges to highest level since before  the 2008 financial crisis
  1. Interest rates jump
  2. Syria remains a threat
  3. Energy prices remain elevated
  4. The number of planned layoffs in August jumped 30% and hit their highest level in 6-months Read here
  5.  ADP said private employers added 176k new jobs in August, just missing estimates for a gain of 180k. Read here
  6. US employers add 169k new jobs in August, missing estimates for 175k. Read here


WANT MORE? Join Our FREE Newsletter Today