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02/19/2014
A litany of economic data hit the wires this morning ahead of the Thanksgiving holiday. The first report of significance was the Labor Department's Weekly Initial Claims data. Americans filing for first time Unemployment benefits fell by 10,000 in the latest week to 326,000 to the lowest level s
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11/27/2013
Economic data was abundant today and zeroed in on the housing market. Housing prices continue to rise as evidenced by the Case Shiller 20-city Index gaining 13.3% year-over-year in September and was the largest annual gain in seven and a half years. From August to September, the index rose 1.3%.
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11/26/2013
The Labor Department reported today that the number of Americans across the nation that applied for unemployment benefits declined in the latest week. Weekly Initial Jobless Claims fell by 21,000 to 323,000, below the 333,000 that was expected. It was the lowest level since late September, but th
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11/23/2013
Economic news was light today with just a reading from the National Association of Home Builders reporting that its Housing Market Index was steady in November at 54, just below the 55 that was expected. The number for October was revised to 54 from 55. It was the sixth consecutive month that bui
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11/23/2013
The closely watched S&P 500 Stock Index hit yet another milestone yesterday, closing at a record high of 1,790 and has risen a whopping 25% this year. The gains come on the heels of an improving economy, solid corporate earnings and the Federal Reserve's ongoing stimulus program. The S&P 500
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11/18/2013
The Labor Department reported this morning that weekly state unemployment claims fell by 2,000 in the latest week to 339,000 and above the 330,000 that was expected. The four week moving average, which irons out any seasonal abnormalities, fell by 5,750 to 344,000. The labor markets are being
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11/14/2013
There were no major economic reports released today and the week's calendar is on the light side. The major Stock Indexes are trading lower as investors take some profits due to record high levels. Mortgage Bonds are trying to stabilize after Friday's big drop due to the much better than expected
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11/13/2013
The Labor Department released the delayed October Jobs Report where it was revealed that employers added 204,000 workers, well above the 100,000 that was expected. The jobs were concentrated in the service area - retail, bars and restaurants with modest hiring across most sectors. The Unemploy
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11/11/2013
The U.S. economy grew more than expected in the 3rd quarter of this year as companies ramped up inventories, a pickup in spending at local and state governments and an increase in foreign trade. The Gross Domestic Product (GDP) rose by 2.8%, above the 2.5% recorded in the 2nd quarter and above th
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11/07/2013
