Archive for September 20th, 2010

Moody’s/REAL National Commercial Property Index Fell 3.1% In July

(For July 2010) Moody’s/REAL National Commercial Property Index fell 3.1% in July and it is now running at  -7.2% YoY. Chart 1. Moody’s/Real National Commercial Property Index

NBER Says U.S. Recession Ended in June 2009

The Business Cycle Dating Committee of the National Bureau of Economic Research announced today said that through in business activity in U.S. occurred in June 2009 making the and of the recession that began in December 2007. From the press release. The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. At […]

September NAHB/Wells Fargo Housing Market Index At 13

(For September) Housing Market Index for September came out at 13 vs. 13 in August. Consensus was at 14. All components unchanged except traffic of perspective buyers which edged 1 point lower. Chart 1. NAHB / Wells Fargo Housing Market Index

Irish And Portuguese Government Bond Yield Spreads At New Record Highs

Irish 10 year government yield spread versus same maturity German issue rose today to new highs. Both Barclays Capital and Goldman Sachs issued their reports in the last couple of days claiming it is not clear whether Ireland can finance its budget deficit without EU/IMF help. On Friday ECB intervened buying Irish government bonds. FT story: ECB intervenes in […]

U.S. Freight Carloads Weekly – September 20, 2010

(For The Week Ending September 10, 2010) U.S. railroads originated 277,000 carloads, up 5.4% compared with the same week in 2009, but down 9.7% compared with 5-year average. Week over week change was -9.0% (due to Labor day). Chart 1. Association of American Railroads U.S. Freight Carloads Total

Dry Bulk Weekly – September 20, 2010

Baltic dry index fell 10.7% last week; Capesize Index was down 13.7%; Panamax Index also fell 13.7%; Supramax Indexes fell 1.7%; Handysize Index rose 0.6%, China iron ore stockpiles moved sharply higher offsetting last week’s inventory draw. We will probably see increased demand with the start of new quarter and lower iron ore benchmark prices.  Not much happening […]

Tanker Weekly – September 20, 2010

Baltic Dirty Tanker Index fell 1.6%; Baltic Clean Tanker Index rose 2.1%. No improvements in supply/demand balance. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes

New Week Intro September 20, 2010

Important U.S. earnings this week: Monday: Comtech Telecommunications (CMTL), FactSet Research Systems (FDS), Lennar (LEN), Discover Financial Services (DFS), Park Electrochemical (PKE) Tuesday: Adobe Systems (ADBE), Progress Software (PRGS), Cintas (CTAS), ConAgra Foods (CAG), Carnival (CCL), AutoZone (AZO), Analogic (ALOG) Wednesday: Darden Restaurants (DRI), Jefferies (JEF), General Mills (GIS), CarMax (KMX), Bed Bath & Beyond […]


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