Tradingvesting..com
Week 05 - 2013
Back Next
Last
Week 05 -2013 | From Jan. 28 to Feb. 01, 2013
Highlights Weekly Rating Weekly TPO Weekly TPO Weekly Blog-Week
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Market Holidays
 
Mkt
Time
Mon - Jan. 28
Tue - Jan. 29
Wed - Jan. 30
Thu - Jan. 31
Fri - Feb. 01
         
Top of Page
     
Economic Data for Week 05-2013 | Global View | Week Rating
DATE DAY REPORT/CATEGORY HIGHLIGHTS ON WEEK 05-2013 LAST
Mon Durable Goods Orders U.S. durable-goods orders rise 4.6% in December. The Commerce Department said on Monday that non-defense capital goods orders excluding aircraft, a closely watched proxy for investment plans, edged higher 0.2%. The government also revised higher its estimate for November.
4.6%
M/M
Chart View Manufacturing Orders for big-ticket U.S. goods jumped 4.6% in December, propelled by a large batch of orders for Boeing aircraft.
Positive View
Mon Pending Home Sales Index Signed contracts to buy existing homes fell 4.3% in December from the previous month missing analysts' expectations of a 1% gain, according to a monthly index from the National Association of Realtors, that is, the Pending Home Sales Index.
101.7
Level
Chart View Real Estate The Pending Home Sales Index is 6.9% higher than December of 2011. Realtors say it is not lack of demand but supply at the end of 2012 that pushed the numbers down. The index of sales agreements to a reading of 101.7.
Negative View
Tue FOMC Meeting #1 2013 Day 2 Meeting Begins.
N/A
Chart View Interest Rates  
Neutral View
Tue ICSC Goldman Sachs Index The ICSC-Goldman store sales index is up 2.0% from a year ago, compared to +3.2% Y/Y last week. Both reports cite once again that shoppers remain in a post-holiday slump, lacking any real interest in new purchases.
2.0%
Y/Y
Chart View Sales and Inventories ICSC-Goldman's Same-store Sales Index fell 1.0% from last week for a Year-on-Year rate (Y/Y) of plus 2.0% which is sharply down from the index's plus 3.2 Y/Y last the prior week.
Negative View
Tue Johnson Redbook The Redbook Store Sales index is up 1.6% from a year ago, compared to a positive 1.8% Year to Year last week.
1.6%
Y/Y
Chart View Sales and Inventories For the January 25 Week, Week 04, Redbook Store Sales Y/Y change was 1.6%. Redbook shows that sales so far this month have been slow due to the presidential election that held down traffic.
Negative View
Tue S&P Case-Shiller Index The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.6% in November on a seasonally adjusted basis, in line with economists' forecasts.
0.6%
M/M
Chart View Real Estate Prices in the 20 cities rose 5.5% year over year. It was the strongest year-over-year price increase since August 2006.
Positive View
Tue Consumer Confidence The Conference Board said its consumer-confidence index dropped to 58.6 in January, missing analysts' estimates of 64.3, from an upwardly revised 66.7 in December. A prior December estimate pegged the level at 65.1.
58.6
Level
Chart View Consumer U.S. consumer confidence dropped in January to its lowest level in more than a year as Americans were more pessimistic about the economic outlook and their financial prospects, according to a private sector report released on Tuesday.
Negative View
Wed MBA purchase Applications The Mortgage Bankers Association (MBA) said its Composite seasonally adjusted index of mortgage application activity, which includes both Refinance and Purchase, decreased -8.1% in Week 04, ended Jan 25.
-8.1%
W/W
Chart View Real Estate Purchase Applications fell 2% last week while Refinance Applications fell 10%. A key behind the decline in refinancing demand is an ongoing rise in mortgage rates that belies the Fed's QE monetary policy.
Negative View
Wed ADP Employment Report U.S. economy adds 192,000 private-sector jobs in January: ADP. Private-sector employment got off to a good start in 2013, according to a report from payroll-processing firm Automatic Data Processing Inc.
192,000
Jobs
Chart View Employment The U.S. added 192,000 private-sector jobs in January, ADP estimated Wednesday. Economists polled had expected the ADP report to show a gain of 173,000 private-sector jobs.
Positive View
Wed Gross Domestic Product (GDP)

The U.S. economy shrank in the fourth quarter for the first time since the recession, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles. The nation appeared to still be on a mild growth path if unusual factors are stripped out.

-0.1%
View Chart Growth Gross domestic product contracted by a 0.1% annual rate, down from 3.1% growth in the third quarter, based on the first of three readings by the Commerce Department
Negative View
Wed EIA Crude Oil The Energy Information Administration (EIA) weekly information on petroleum inventories in the U.S., whether produced here or abroad for Week 04, ending January 25 was 5.9 Million Barrels. U.S. crude-oil futures prices logged their best January performance in seven years.
5.9M
Barrels
Chart View Commodity The 5.9 million barrel build in oil inventories was due to a rise in imports. Inventories are at 369.1. Keep in mind that the level of inventories helps determine prices for petroleum products.
Neutral View
Wed FOMC Meeting #1 2013 Day 2 The Federal Reserve said Wednesday it will maintain its asset buying of $85 billion a month and stick to its commitment to hold interest rates near zero until unemployment falls to at least 6.5% from the current 7.8%.
N/A
Chart View Interest Rates The central bank decision, which followed a two-day meeting, had been widely expected, especially after a surprising decline in U.S. economic growth for the fourth quarter. U.S. stocks retreat after the Federal Reserve said growth in economic activity paused in recent months, and as fourth-quarter data showed a surprise contraction in gross domestic product.
Neutral View
Thu Jobless/Initial Claims Last week, initial claims for state unemployment benefits increased 38,000 to 368,000, the Labor Department said on Thursday. First-time jobless claims jump by 38,000 to 368,000 Number of people filing new applications for unemployment benefits climbs to a one-month high.
368K
Chart View Employment The number of Americans filing new claims for unemployment benefits last week stayed in a range consistent with job growth and incomes rose in December by the most in eight years, mildly positive signs for a still-fragile economy.
Positive View
Thu Personal Income The Commerce Department said American incomes rose 2.6% last month. That was the biggest increase since December 2004 and well above analysts' expectations for a 0.8% gain.
2.6%
Chart View Consumer Personal income soared in December 2012 due to one-time dividend payments. Much of the increases in personal incomes over the last two months have been due to special dividends and accelerated bonuses to beat tax increases that were due to begin this month.
Positive View
Thu Consumer Spending/Real PCE The Commerce Department said consumer spending rose 0.2% in December while income surged 2.6%. The jump in income stemmed largely from a wave of onetime dividend payouts made by corporations in December 2012 to avoid a tax increase in January 2013.
0.2%
Chart View Consumer The big rise in incomes suggests total consumer spending power entered the new year on a stronger footing, even if the gains may not have been distributed evenly throughout the workforce.
Positive View
Thu Core PCE The personal consumption expenditure index, which Federal Reserve officials say is a more accurate gauge of inflation than the better-known consumer price index, was flat on December 2012.
0.0%
Chart View Inflation The Core PCE price index was flat in December 2012 after slipping 0.2% the prior month. Market expectations were for no change. The core rate in December 2012 was unchanged in both December 2012 and November 2012. The market median forecast was for 0.1% rise.
Neutral View
Thu Employment Cost Index The employment cost index measuring the price of U.S. labor rose a mild 0.5% in the fourth quarter, seasonally adjusted, the Labor Department said Thursday. The ECI index is up 0.5%, which is above the plus 0.4% rate in the third quarter, but details are favorable.
0.5%
Chart View Inflation The ECI is a closely followed index that reflects how much companies, governments and nonprofit institutions pay their employees in wages and benefits. Wages - some 70% of employment costs - rose a seasonally adjusted 0.3% in the fourth quarter and benefits were up 0.6%.
Positive View
Thu Chicago PMI The Chicago PMI rose to 55.6% in January 2013, to mark the best performance in nine months. Economists had expected the Chicago PMI to edge up to 49.8%.
55.6
Level
Chart View Manufacturing Chicago PMI climbs to 55.6% in January 2013. Any reading above 50 indicates expansion. Details of the report were also strong. New orders posted the biggest increase in 10 months, advancing to 58.2% from 50.4% in December 2012.
Positive View
Thu EIA Natural Gas Report The Energy Information Administration (EIA) weekly information on natural gas stocks in underground storage for Week 04, ending January 25 fell 194 billion cubic feet to 2,802 bcf.
-194
bcf
Chart View Commodity U.S. EIA Natural Gas Storage change -194B in Week 05 from last Week 04. Keep in mind that the level of natural gas inventories helps determine prices for natural gas products.
Neutral View
Thu Fed Balance Sheet Total Assets - Weekly Change $ -3.0 Billions. For the January 30 week, Week 05, Total Assets fell $3.0 billion, following a jumped of $47.9 billion the prior period.
$-3.0B
Chart View Government The latest week's decrease was led by a $17.4 billion drop in holdings of mortgage-backed securities. Treasuries rose $13.5 billion.
Neutral View
Thu M2 Money Supply M2 Weekly Change $-55.0 Billions.
$-55.0B
Chart View Money Supply M2 included M1 and, in addition, short-term time deposits in banks and certain money market funds. In general, an increase in the supply of money typically lowers interest rates.
Neutral View
Fri Fixed Mortgage Rates The average U.S. rate on the 30-year fixed mortgage rose this week to its highest level in four months but remains low by historical standards. The rate on the 30-year loan increased to 3.53%. That's up from 3.42% last week and the first time the rate has exceeded 3.50% since September.
3.53%
Chart View Interest Rates The average for the 15-year fixed mortgage advanced to 2.81% from 2.71%. The job numbers are good enough to keep the current momentum we have in the housing market.
Positive View
Fri Employment Situation On the surface the BLS Employment Situation Report for January 2013 (PDF) is a continuation of the same mediocre job creation experienced since September 2012. 157,000 net new jobs were created, close to expectations, and the unemployment rate ticked up from 7.8 to 7.9%.
7.9%
Chart View Employment The economy appears to be keeping up with the growth in the labor force, but not gaining ground in restoring jobs lost during the recession.
Negative View
Fri Consumer Sentiment Consumer sentiment has really picked up the last two weeks, at 73.8 for the final January reading vs 71.3 at mid-month. The reading implies that sentiment is a bit over 75 right now which is off from the low 80s in October and November but is otherwise back in trend.
73.8
Level
Chart View Consumer This reading conflicts with the consumer confidence report posted on Tuesday where income expectations were being depressed by the paycheck tax hike.
Positive View
Mon ISM Manufacturing Index In contrast to the recent contraction seen in major regional manufacturing reports from the East Coast, the broadest measure of manufacturing activity in the U.S. rose to its highest level since May, from a downwardly revised 50.2 in December to 53.1 in January
53.1
Level
Chart View Manufacturing The headline number climbed to 50.7 from 49.5 in Novemer. This was higher than the 50.4 economists were looking for. A reading above 50 signals expansion.
Positive View
Fri Construction Spending Construction posted a nice gain in December 2012 as construction spending jumped 0.9%, following a revised rise of 0.1% in November 2012 which was originally down 0.3%. Analysts forecast a 0.8% boost.
0.9%
Chart View Growth The increase in December 2012 was led by a 2.2% gain in residential outlays after a 0.6% increase in November. Most of the latest improvement was from multifamily construction although single-family outlays also advanced. Public construction declined in the latest month.
Positive View
     
Top of Page
       
WEEK 05-2013
ECONOMIC REPORTS Positive View Negative View Neutral View RATING REPORTS HIGHLIGHTS OF WEEK 05-2013
01. Interest Rates
1
2
Positive View
Fed Keeps Stimulus Amid Signs of Weak Economy.
02. Growth
1
1
Neutral View
GDP Shows Surprise Drop for US in Fourth Quarter.
03. Inflation
1
1
Positive View
U.S. employment costs climb 0.5% in 4th quarter.
04. Employment
2
1
Positive View
Private Sector Adds More Jobs; Services Lead Way.
05. Real Estate
1
2
Negative View
Pending Home Sales Fall Due to Dwindling Supply. Home prices see best yearly gain since 2006.
06. Manufacturing
3
Positive View
Durable Goods Orders Rise on Spending Surge. ISM Mfg climbs to 50.7 Level.
07. Consumer
3
1
Positive View
Consumer confidence drops in January.
08. Sales & Inventories
2
Negative View
Home prices decline in November according to Case-Shiller.
09. Business Activity
Non Available
 
10. Government
1
Neutral View
 
11. Balance of Payments
Non Available
 
12. Money Supply
1
Neutral View
 
13. Banking System
Non Available
 
REPORTS WEEK 05-2013
12
7
5
Positive View
 
MARKET CORRELATION Positive View Negative View Neutral View RATING MKT CORRELATION HIGHLIGHTS OF WEEK 05 -2013
COMMODITY - Oil
1
Neutral View
Rising commodity prices arouses fears of inflation.
COMMODITY - Natural Gas
1
Neutral View
If interest rates rise, bond funds will go down.
ECONOMIES - Europe
Non Available
Raising interest rates to combat inflation might stop economic expansion.
ECONOMIES - China
Non Available
If Economy starts to improve the dollar will strengthen and Gold will fall.
TOTAL WEEK 05-2013
12
7
7
Positive View
Week 05, 2013 has been rated Positive.
   
         
LEGENDS: Rating Explained Rating Explained Chart View Chart View Positive View Positive View Negative View Negative View Neutral View Neutral View N/A Non Available
         
Top of Page
       
   
WEEK 05-2013 ENDING FEB. 01
Reports Commentary

Durable Good Orders

Monday 's data dupe headline was that durable goods orders had an unprecedented rise, with a massive 4.6% increase month over month. The orders rose to $230.7 billion from $220.7 billion, the biggest beat to expectations of a 2.0% headline print since December 2011.

A big component of this number was a massive rise in aircraft, and a good chunk of that comes from Boeing, which received orders for more than 180 planes rising by 10.1%, reversing after a 12.9% decline in the prior month. So if you strip out transport goods, U.S. orders rose 1.3% and suggested a continued, if mild expansion in the nation's industrial sector

Pending Home Sales

A measure of Americans who signed contracts to buy homes fell last month after reaching a 2 -year high in November. Pending home sales fell 4.3% in December, with low inventory cutting results, according to data released Monday by the National Association of Realtors. Sales were held back by a limited supply of available homes.

Consumer

The Conference Board, an industry group, said its index of consumer attitudes fell to 58.6 from an upwardly revised 66.7 in December, falling short of economists' expectations for 64. It was the lowest level since November 2011.

The index for December was originally reported as 65.1. The expectations index tumbled to its lowest level since October 2011 at 59.5 from 68.1. The present situation index slipped to 57.3 from 64.6.

Consumer spending rose 0.2% in December, in line with expectations

Home Prices

Single-family home prices rose in November, building on a string of gains that point to a housing market that is on the mend, data from a closely watched survey showed on Tuesday. Prices on a non-adjusted basis slipped 0.1%. The non-adjusted numbers showed prices fell in about half of the cities covered by the survey, with the winter months typically a weak period for housing, the survey said.

Employment

The private sector created 192,000 new jobs in January, better than expectations and reflective of the slowly improving trend in the labor market.

The number of Americans filing new claims for unemployment benefits last week stayed in a range consistent with job growth and incomes rose in December by the most in eight years, mildly positive signs for a still-fragile economy.

Claims are often jumpy in January after companies let go of holiday hires and some people wait until the new year to file for benefits. Government statisticians try to adjust the weekly data to account for seasonal variations but it's a tricky thing to get right.

GDP

The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1% in the fourth quarter. That's a sharp slowdown from the 3.1% growth rate in the July-September quarter.

Markets showed relatively little reaction to the GDP report, in part because it reinforced expectations that the Fed will continue to provide stimulus as long as the economy is weak.

Fed Balance Sheet

Given three rounds of asset purchases, the Fed's balance sheet moved above $3 trillion for the first time earlier this month. If the current asset-purchase program lasts all year, the balance sheet could expand to $4 trillion.

There is concern that the size of the balance sheet will make it more difficult for the Fed to tighten policy when the time comes.But the majority of Fed officials believes that these risks are outweighed by the social cost on the economy of too many unemployed workers.The Fed has kept its federal funds target for short-term rates unchanged at a record-low range of 0 to 0.25% for four years.

China

China's official purchasing managers' index (PMI) eased to 50.4 in January, the National Bureau of Statistics said on Friday, missing market expectations and underscoring that the economy is making only a mild recovery from its weakest year since 1999.

What do the Economic Reports reveal about the state of the economy?

  1. Fed Keeps Stimulus Amid Signs of Weak Economy.

  2. U.S. employment costs climb 0.5% in 4th quarter.

  3. Private Sector Adds More Jobs; Services Lead Way.

  4. Pending Home Sales Fall Due to Dwindling Supply. Home prices see best yearly gain since 2006.

  5. Durable Goods Orders Rise on Spending Surge. ISM Mfg climbs to 50.7 Level.

  6. Consumer confidence drops in January.

  7. Home prices decline in November according to Case-Shiller.
       
    To prepare for this week we have posted the following Blog:    
    U.S. Balance Sheet Topped $3 Trillion
         
Top of Page
  IMPORTANT NOTE: In an effort to comply with all applicable rules, regulations and disclosures please be so kind and read the "General Disclosure" below:
         
Related Links
Terms of Service  
  Privacy Policy  
  Risk Disclosure  
  Refund Policy  
  User Agreement  
  Secure Website  
  Global View  
  Contact us  
 
GENERAL DISCLOSURE - TRADINGVESTING.COM
       
Top of Page
         
Interest Rates
Interest Rates
Meetings
Minutes
Beige Book
Growth
Growth
GDP
US Balance
Spending
Inflation
Growth
CPI
Core PCE
PPI
Employment
Employment
Payroll
Rate
ADP
Manufacturing
Manufacturing
ISM Mfg
Industrial
Factory
Real Estate
Real Estate
Starts
Permits
Shiller
stock market, online trading, ETF, portfolio, dividends, crypto, day trading, shares, how to start investing, broker, day trading, IPO, bull market, bear market, how to invest, margin account, futures, stock market today, stock market futures, investing, stock signals, stock alerts, stockmarket, alerts
 
 
Calendar | 52-Weeks | Global | Trend500 | Top News | Reports | Charts | Indexes | Today
Vix | Oil | ETFs | Stocks | Futures | 10-Year | S&P 500 | Markets | Register
About | Contact | Log-in | Register | WeDo | Times | Links
Disclaimer | Privacy Policy | Risk Disclosure
 
Tradingvesting.com | Trading and Investing
 
All Rights Reserved | www.tradingvesting.com | © Copyright 2008
Discipline - Confidence - Patience