Week in Review
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Started by TimNew - Sept. 25, 2020, 10:05 a.m.

Chicago Fed M/MAug-201.180.79C
Richmond Fed MFG M/MSep-2018.0021.00C+
Kansas City Fed Mfg M/MSep-2014.0011.00C
Durable Goods M/MAug-2011.200.40C
RedBook W/W9/22/2020-1.201.50C+
Existing Home Sales M/MAug-205.860M6.000MC+
New Home Sales M/MAug-20901K1011KB
FHFA HPIJul-200.901.00C+
Jobless Claims9/19/2020860K870KC-

Somewhat lite week data wise,  but enough.

Jobless Claims edged up this week.  Not significant,  but the opposite of expectations.  Definitely something to watch.

Redbook snuck back into positive territory. 

Strong readings for the assorted Feds around the country tho Chicago has moderated somewhat.  

Durable Goods has definitely moderated from the double digit gains we've been seeing for the last few months,  but double digit in this metric in either direction is rare.

Existing and especially New Home sales at 14 year highs are good news.

A lite week data wise as I said.  Will go with an appropriately weighted C+.  Suck factor remains at 7.

By wglassfo - Sept. 26, 2020, 10:05 p.m.
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Can't understand home sales, as I thought lumber prices were high and hard to obtain

Maybe the home sales are people existing the down town for suburbs

I suppose there must be some lumber available

It can't all disappear

Your analysis looks spot on to me

By metmike - Sept. 30, 2020, 10:54 p.m.
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Thanks Tim!