Global Macro Perspectives
HMI for July came out at 14 vs. downward revised 16 in June. All components were down, most notably traffic of perspective buyers hit 10 vs. 13 in June. Chart 1. NAHB / Wells Fargo Housing Market Index
Not looking particularly strong… Chart 1. Baltic Dry Index
Number of oil drilling rigs fell for 12 for the week ending July 16, 2010; Number of natural gas drilling rigs rose for 15 rigs in the same time frame. On world scale number of drilling rigs rose for 27 rigs in June. Chart 1. Baker Hughes U.S. Rig Count Change Chart 2. Baker Hughes Weekly U.S. […]
Important U.S. earnings this week: Monday: Texas Instruments (TXN), Ford Motor (F), International Business Machines (IBM) Tuesday: The Goldman Sachs Group (GS), Gilead Sciences (GILD), Apple (AAPL), Unitedhealth Group (UNH), Johnson & Johnson (JNJ), The Bank of New York Mellon Corporation (BK), Pepsico (PEP) Wednesday: U.S. Bancorp (USB), Morgan Stanley (MS), Altria Group (MO), United […]