Empire State Manufacturing Survey For August At 7.1
Empire State Manufacturing Survey for August came out at 7.1 vs. 8.0 consensus and 5.08 prior reading. Again bellow consensus. Chart 1. Empire State Manufacturing Survey
Archive for August, 2010
U.S. Freight Carloads Weekly – August 16, 2010
U.S. railroads originated 284,507 carloads for the week ending August 6, up 3.7% compared with the same week in 2009, but down 11.3% compared with 5-year average. Week over week change was -5.3%. Chart 1. Association of American Railroads U.S. Freight Carloads Total
Rig Count Weekly – August 16, 2010
Number of crude oil drilling rigs rose for 25 for the week ending August 13, 2010; Number of natural gas drilling rigs rose for 9 rigs in the same time frame. Chart 1. Baker Hughes U.S. Rig Count Change Chart 2. Baker Hughes Weekly U.S. Rig Count Chart 3. Baker Hughes Monthly World Rig Count
New Week Intro August 16, 2010
Important U.S. earnings this week: Monday: The Valspar Corporation (VAL), Urban Outfitters (URBN), Agilent Technologies (A), Lowe’s Companies (LOW), Sysco (SYY) Tuesday: Wal-Mart Stores (WMT), Analog Devices (ADI), Abercrombie & Fitch (ANF), The TJX Companies (TJX), The Home Depot (HD) Wednesday: Applied Materials (AMAT), Deere & Co. (DE), PetSmart (PETM), BJ’s Wholesale Club (BJ), NetApp […]
Dry Bulk Weekly – August 16, 2010
Baltic dry index rose 21.6% last week; Capesize Index gained 46.3%; Panamax Index rose 11.0%; Supramax and Handysize Indexes gained 4.7% and 4.1% respectively. Chinese steel mills resumed with iron ore purchases. Chart 1. Baltic Dry Indexes Relative Performance Chart 2. Baltic Dry Index Chart 3. Baltic Dry Index Components
Tanker Weekly – August 15, 2010
Baltic Dirty Tanker Index rose 4.7%; Baltic Clean Tanker Index fell 6.7%. Again clean/dirty rates moving in opposite directions. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
ECRI Weekly Leading Index Down 9.8%
ECRI Weekly Leading Index for week ending August 6 was reported down 9.8%. Prior reading was at -10.3%. Chart 1. ECRI Weekly Leading Index
UOM/Reuters Consumer Sentiment For August At 69.6
UOM/Reuters Consumer Sentiment for August came out at 69.6 vs. 69.0 consensus and 66.5 July reading. Chart 1. University of Michigan/Reuters Consumer Sentiment
U.S. Consumer Price Index Rose 0.3% In July
U.S. consumer price index rose 0.3% in July, right at the consensus. June reading was at -0.1%. Consumer price index fell less food & energy came out at 0.1%. The consensus was also at 0.1%, June reading was at 0.2%. Chart 1. U.S. Consumer Price Index
U.S. Retail Sales Rose 0.4% In July
Retail sales rose 0.4% in July . The consensus was at 0.5%, June reading was a decrease of 0.5%. Autos taken out, the figure was an increase of 0.2% right at the consensus. Prior reading at -0.1%. Gains came mostly from a 2.3% increase in gasoline station sales and 1.6 % rise in motor vehicle sales. Also […]
Who Was That Tough-Talking Economist?
To continue with fun things this morning… Paul Krugman’s New York Times op-ed column: Paralysis at the Fed. Ten years ago, one of America’s leading economists delivered a stinging critique of the Bank of Japan, Japan’s equivalent of the Federal Reserve, titled “Japanese Monetary Policy: A Case of Self-Induced Paralysis?” With only a few changes in […]
The Hindenburg Omen?
This is at least fun to read…and the name is great. The Hindenburg Omen (Wikipedia definition) is a technical analysis pattern that is said to portend a stock market crash. Zero Hedge post: The Hindenburg Omen Has Arrived. Granted, the Hindenburg Omen is not a guarantee of a crash, and the five criteria that must be […]
U.S. Natural Gas Weekly – August 12, 2010
Working gas in storage rose 37 Bcf from previous week. Consensus was at 36 Bcf. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
Initial Jobless Claims At 484.000; Up 2.000
Initial jobless claims were reported at 484.000. The consensus was at 465.000, last week revised reading was at 482.000. Chart 1. U.S. Initial Jobless Claims
Ceridian-UCLA Pulse of Commerce Index
Ceridian-UCLA Pulse of Commerce Index climbed 1.7% in July following a 1.9% drop in June. Press release. The index is designed to track diesel fuel consumption in real-time to serve as an industrial production proxy. I’ll monitor to see if it’s useful. Chat 1. Ceridian-UCLA Pulse of Commerce Index