Global Macro Investor Monthly – August 2010
This is the best piece of analysis I have read this year. Enjoy.
Archive for August 4th, 2010
U.S. Petroleum Weekly – August 4, 2010
Crude oil stocks fell 2.8 million barrels for week ending July 30; Gasoline stocks rose 0.7 million barrels; Distillate stocks increased 2.2 million barrels; Propane/propylene stocks rose 2.1 million barrels; Other oils stocks rose 3.8 million barrels; Total crude oil and petroleum stocks were 61 million barrels higher than the week before. Refinery utilization rose […]
ISM Non- Manufacturing Index For July At 54.3%
ISM Non- Manufacturing Index was reported at 54.3% vs. 53% consensus and 53.8% reading in June. Chart 1. ISM Non- Manufacturing Index
ADP Employment Rose 42,000 In July
ADP Employment rose 42,000 in July vs. revised rise of 19,000 in June. Nonfarm payrolls on Friday will be negative, probably missing a -60.000 consensus. Chart 1. ADP Employment
Challenger Job-Cuts For July At 41,676
Challenger’s count of layoff announcements was reported at 41,676 in July vs. 39,358 in June. Chart 1. Challenger Job-Cut Report
MBA Mortgage Applications Up 1.3%
MBA mortgage applications rose 1.3% for week ending July 30, the prior reading was a decrease of 4.4.%. Refinance index rose 1.3%; Purchase index rose 1.5%. Chart 1. MBA Mortgage Applications
U.S. Factory Orders Fell 1.2% In June
U.S. factory orders fell 1.2% in June. The consensus was at -0.5%, prior revised reading was at -1.8%. Factory shipment fell 0.8%, May reading was at -1.8%. Another data point missing consensus. Chart 1. U.S. Manufacturers New Orders & Shipments
U.S. Motor Vehicle Sales For July At 11.85 Million SAAR
U.S. total motor vehicle sales for July rose 0.77 million units to 11.85 million SAAR. Chart 1. U.S. Motor Vehicle Sales