December University of Michigan Consumer Sentiment Second Reading At 74.5
December University of Michigan Consumer Sentiment second reading was reported at 74.5 vs. 75.0 consensus, 74.2 prior reading and 71.6 November reading.
Archive for December 23rd, 2010
U.S. New Home Sales At 290.000 In November
U.S. new home sales in November were reported at 290.000 SAAR vs. consensus of 300.000 SAAR and prior reading of 275.000 SAAR (revised from 283.000).
Morning Reading – December 23, 2010 *** XXL Edition
*** DEALBREAKER: Bank Of America Needs Help Coming Up With All The Domain Names A Brian Moynihan Hater Might Want To Buy ***
*** KID DYNAMITE’S WORLD: How Does Bank of America Suck? Let Me Count The Ways ***
*** ProPublica: The ‘Subsidy’: How a Handful of Merrill Lynch Bankers Helped Blow Up Their Own Firm ***
*** The Big Picture: Its All Greek to Me! ***
*** The Big Picture: Tonight I’m gonna party like its Oct 2007 ***
*** The Big Picture: Tonight I’m gonna party like its Oct 2007 ***
*** The Big Picture: Looking Into 2011, Everyone Is Bullish On Stocks ***
*** The Big Picture: Twitter mood predicts the stock market ***
*** The Big Picture: Scraping Twitter to Find the Mood of the Monkeys ***
*** The Big Picture: 10 Reasons I Am Thinking About Japan ***
*** The Big Picture: Update on the Chicago Fed National Activity Index of 85 indicators ***
*** FT Alphaville: Something familiar about this IPO preview ***
*** FT Alphaville: Normalisation of 5% at the BoE ***
*** FT Alphaville: Fitch brings Hungary a little bit closer to junk ***
*** The Slope of Hope: The Magic of Leveraged ETF Erosion ***
*** The Slope of Hope: Holiday Patterns (by Springheel Jack) ***
*** The Slope of Hope: This Simply Blows Me Away ***
*** Daily Options Report: VXX: Even Volatility of Volatility is Contracting ***
*** VIX and More: VIX and the Week Before Christmas ***
*** Bespoke Investment Group: MIA: 1% Days ***
*** Self-Evident: Default and bankruptcy in the municipal bond market (part two) ***
U.S. Personal Income Rose 0.3%; U.S. Consumer Spending Rose 0.4%
U.S. personal income rose 0.3% in November vs. 0.2% consensus and 0.4% rise in November. On y-o-y level the personal income is up 3.8%.
U.S. consumer spending rose 0.4% in November vs. 0.5% consensus and 0.7% October reading (revised from 0.4%). On y-o-y level the consumer spending is up 3.8%.
U.S. Initial Jobless Claims At 420.000; Down 3.000
Initial jobless claims in the U.S. were reported right at the consensus of 420.000; last week revised (up 3.000) reading was at 423.000.
U.S. Durable Goods New Orders Fell 1.3% In November
Durable goods new orders fell 1.3% in November vs. -0.5% consensus and -3.1% revised increase in October (revised upwards from -3.3%).
U.S. Petroleum Weekly – December 23, 2010
Crude oil stocks fell 5.3 million barrels; Gasoline stocks rose 2.4 million barrels; Distillate stocks fell 0.6 million barrels; Propane/propylene stocks fell 3.5 million barrels; Other oils stocks decreased 0.3 million barrels; Total crude oil and petroleum stocks were 6.0 million barrels lower for the week.
Refinery utilization fell 0.3% to 87.7%.
Implied crude oil demand rose 0.4 million barrels.
Crude oil and petroleum product net imports rose 1.7 million barrels to 9.4 million barrels. Back to normal.
Another stockpile draw and another rise in gasoline stocks. Demand flat. Overall the crude oil stocks decrease data gives a kind of bullish tone for oil price.