Succinct Summation of Week’s Events 12.12.14

Succinct Summations week ending December 12, 2014 Positives: 1. Average gasoline prices fell to $2.60, the lowest levels since 2009, as Crude Oil continues to crash. 2. U.S. retail sales rose 0.6% m/o/m, better then he 0.5% expected rise. 3. Consumer confidence came in at 93.88, which was the biggest beat relative to expectations since December 2013. 4. NFIB small business optimism came in at 98.1, the highest reading since early 2007. 5. Initial jobless claims came in at 294k, down 3k from last week and a touch lower than expected. 6. MBA refi applications rose 13.2% w/o/w. Negatives: 1. It was a rough week for stocks; ... (full story)

Categories: