U.S. Motor Vehicle Sales For July At 11.85 Million SAAR
U.S. total motor vehicle sales for July rose 0.77 million units to 11.85 million SAAR. Chart 1. U.S. Motor Vehicle Sales
Archive for August, 2010
New All-Time Low For Pending Home Sales Index
Pending home sales index fell 2.6% in June vs. revised fall of 29.9% in May. New all-time low. Chart 1. Pending Home Sales Index
U.S. Personal Income & Consumer Spending Unchanged In June
U.S. personal income was reported unchanged in June vs. 0.2% consensus and revised 0.3% May reading. On YoY level the personal income is up 2.6%. U.S. consumer spending also remained unchanged in June vs. 0.1% consensus and 0.1% prior reading. On YoY level the consumer spending is up 4.6%. U.S. personal savings as a percentage of disposable income rose […]
Marc Faber Discusses Chinese Economy, Stock Market On Bloomberg TV
Marc Faber softened his stance on China. Bloomberg TV Interview:
U.S. Construction Spending Rose 0.1% In June
U.S. construction spending rose 0.1% MoM in June vs. -0.5% consensus and 0.2% rise in May. On a year level we are at -7.9%. Chart 1. U.S. Construction Spending
ISM Manufacturing Index For July At 55.5
ISM Manufacturing Index was reported at 55.5 vs. prior reading of 56.2 and consensus of 54.5. Chart 1. ISM Manufacturing Index
Monthly Strategy – August 2010
Equities Economic data released in recent month or so is dominated by bellow consensus readings and on absolute level pointing to only marginal and slowing growth. Consumer demand proxies point to deceasing level of consumer demand. Unemployment is high and it is not falling. The government stimulus is wearing off. But the market is rising despite all of that […]
Rig Count Weekly – August 2, 2010
Number of crude oil drilling rigs rose for 12 for the week ending July 23, 2010; Number of natural gas drilling rigs fell for 10 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 2, 2010
Important U.S. earnings this week: Monday: Allergan (AGN), Loews (L) Tuesday: Anadarko Petroleum (APC), Chesapeake Energy (CHK), Pfizer (PFE), Duke Energy (DUK), Baker Hughes (BHI), Marsh & McLennan (MMC), Emerson Electric (EMR), The Dow Chemical Company (DOW), Marathon Oil (MRO), Mastercard (MA), Sempra Energy (SRE), Cognizant Technology Solutions (CTSH), Entergy Corporation (ETR), American Tower (AMT), […]
Both China Manufacturing PMI’s Fell In July
The official China PMI fell from 52.1 to 51.2; The HSBC/Markit PMI fell from 50.4 to 49.4. Reading bellow 50 means contraction. Asian markets up today… Chart 1. China Federation of Logistics & Purchasing and National Bureau of Statistics PMI / HSBC Markit China Manufacturing PMI
Dry Bulk Weekly – August 1, 2010
Baltic dry index rose 7.7% last week; Capesize Index gained 12.5%; Panamax Index rose 11.4%; Supramax and Handysizes Indexes gained 0.9% and 3.3% respectively. Rates are rising a bit as some ship owners choose to anchor their ships rather than lose money on chartering them. Chinese iron ore and steel prices rose last week, bringing some optimism to the markets. […]