Archive for January 25th, 2011

January Richmond FED Manufacturing Survey At 18.0

Richmond FED Manufacturing Survey was reported today at 18.0. Prior reading was at 25.0, consensus was at 22.0.

To repeat: Industrial production will continue to slowly expand in January.

January Conference Board Consumer Confidence At 60.6

Conference Board consumer confidence came out at 60.6 vs. 54.3 consensus and 52.5 reading for December.

Large positive surprise.

S&P/Case-Shiller Home Price Indexes Fell In November

Seasonly adjusted S&P/Case-Shiller HPI 10 city composite fell 0.4% In November; On year level 10 city index is down 0.4%.

Moody’s/REAL National Commercial Property Index Rose 0.6% In November

Moody’s/REAL National Commercial Property Index rose 0.6% in November and it is now running at +2.8% y-o-y.

Levitating around bottom.

Morning Reading – January 25, 2011

*** Pragmatic Capitalism: AN EARLY EARNINGS UPDATE ***
*** The Big Picture: Market’s topped out for now ***
*** FT BeyondBRICs: A chart for the China bears ***
*** FT Alphaville: Ugly UK GDP figures ***
*** FT Alphaville: Come one, come all, to the EFSF bond issue ***
*** FT Alphaville: John Paulson’s real 2010 success: Gold ***


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