Archive for March 1st, 2010

January 2010 Personal Income and Outlays

Almost every piece of data is on consensus. Slow growth in income and outlays; savings falling. The rates are small, too small to make a needed difference in consumer spending. Chart 1. Personal Income Chart 2. Personal Outlays Chart 3. Personal Savings % Of Disposable Personal Income

ISM Manufacturing Index Tops Out

ISM Manufacturing Index came out at 56.5 vs. prior reading of 58.4 and consensus of 57.5. Chart 1. ISM Manufacturing Index

Monthly Strategy – March 2010

Equities In the macro arena we have leading indicators rolling over, and a stream of worse-than-expected data pieces on U.S. housing, U.S. employment, U.S. durable goods ordered and large move lower by consumer confidence. Seems that the markets do not appreciate the data. Things that move the markets are only FED policy on rates, dollar […]

New Week Intro March 1, 2010

Important U.S. earnings this week: Monday: CMS Energy (CMS), Scientific Games (SGMS), Rowan (RDC), Overseas Shipholding (OSG), Southern Union (SUG), Public Storage (PSA), Sotheby’s (BID), Mariner Energy (ME), Intrepid Potash (IPI), Quicksilver Resources (KWK), Edison International (EIX), Dress Barn (DBRN), Warnaco Group (WRC), El Paso (EP) Tuesday: Staples (SPLS), AutoZone (AZO), United Natural Foods (UNFI), […]

 

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