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MARKET TRENDS: Housing Upsurge Offsets Fall in Durable Goods Orders and Manufacturing
Posted on June 24, 2015

Following the strong report on nonfarm payroll and retail sales, both durable goods orders and manufacturing PMI disappointed the market in May. This is in addition to a drop in the Chicago Fed Manufacturing Index on Monday. However, a reviving housing market induces optimism in the strength of the U.S. economy going forward. The durable [...]

MARKET TRENDS: Existing Housing Sales Hits Fastest Growth in Nearly Six Years
Posted on June 23, 2015

Existing home sales, which includes the number of previously constructed homes, condominiums, and co-ops, rebounded in May. It grew at its fastest pace since November 2009 and marked the third straight month of annual home sales above 5 mn. Existing home sales accounts for a larger share of the market than new homes and is [...]

MARKET TRENDS: Summary for the Week Beginning June 22, 2015
Posted on June 22, 2015

A series of economic data is scheduled to be released this week, including reports on the Gross Domestic Product (GDP), housing, and Michigan's consumer sentiment. With the Fed contemplating the optimum time for a rate hike, which is data dependent, all data is significant to the decision. The housing market should get more good news [...]

National Consumer Credit Default Rates Reach New Lows in May 2015 According to the S&P/Experian Consumer Credit Default Indices
Posted on June 22, 2015

Four of the Five Cities Report Default Rate Decreases in May 2015 NEW YORK, June 16, 2015 /PRNewswire/ – Data through May 2015, released today by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, continued its downward trend in default rates.[...]

MARKET TRENDS: Fed Hike Likely in 2015
Posted on June 19, 2015

The U.S. Federal Reserve is on track to raise historically low interest rates on the back of an improving economy and after a winter setback. However, the Fed remains unsure of the second rate hike timing. It believes that the economy should be strong enough to support the rate hike by the end of 2015,[...]

MARKET TRENDS: Inflation Soft, Current Account Deficit Widens
Posted on June 19, 2015

Consumer prices posted the biggest gains in May over the last two years, triggered by a surge in oil prices. The Consumer Price Index (CPI), a measure of the price movement of goods and services bought for consumption, advanced 0.4% month-over-month (MoM) in May, the Department of Labor said on Thursday. The market had expected [...]

MARKET TRENDS: U.S. Mortgage Applications Fall on Rising Interest Rates
Posted on June 17, 2015

Applications for U.S. home mortgages fell last week as interest rates rose to their highest levels since October 2014, an industry group said on Wednesday. Mortgage applications activity, which includes both refinancing and home purchase demand, decreased 5.5% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s Weekly Mortgage Applications Survey. [...]

What Are Americans Worried About? The US Security Index
Posted on June 16, 2015

Technology is responsible for making our lives easier in so many ways. But according to recent data, it’s also the chief cause of many concerns of the typical American citizen. Allow me to explain. This year’s Unisys US Security Index report is out (Source: http://www.unisyssecurityindex.com/usi/us). The report details the things that U.S. citizens are worried[...]

MARKET TRENDS: Housing Starts Tumble, Permits Steady
Posted on June 16, 2015

Housing starts, which is defined as construction of a new building intended primarily as a residential building, retreated in May after a robust increase in the previous month. The dip in single family construction, which forms the largest portion of the market, primarily drove the decline. However, an increase in building permits for future construction [...]

MARKET TRENDS: Summary for the Week Beginning June 15, 2015
Posted on June 15, 2015

The Industrial Production and Empire State Manufacturing Survey for June came in at a sharp contrast to the recent upbeat retail sales and employment numbers. A stronger dollar and a cut down in business investments in the energy sector, compiled with lower oil prices, are still having a negative impact on the industrial and manufacturing [...]