U.S. REMAINS ROBUST – RAISING OUR S&P OUTLOOK

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: * The inputs are coming in for 2019, and GDP still looks to be north of 2%. * Until rates rise meaningfully (maybe 3.5% 10-year), the S&P is still attractive. * U.S. Pending Home Sales up +0.9% M/M but now down -4% Y/Y in...

Q2 EARNINGS OFF TO STRONG START

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: * Q2 Earnings off to strong start as Y/Y growth rate has accelerated thus far. * U.S. Existing Home Sales down for the third month in a row as prices hit record high. * Chicago Fed National Activity rebounded in June. Q2...

RETAIL SALES JUMPED IN JUNE

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: * U.S. Retail Sales accelerated further in June, but gasoline continues to take market share. * NY Fed Manufacturing index slowed in June. * China allowed GDP to come in at 6.7% in Q2, we can only imagine what the real number is...

BREXIT EXIT SHOULD BE POUND BULLISH

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: * The hardline BREXITers are gone, so GBP should finally begin to lift. * German trade surplus improved in May, as Euro fell. * Japan Economy Watchers Index remains in pessimistic territory. BREXIT HARD-LINERS ARE QUITTING,...

ARE U.S. JOBS BECOMING LESS ROBUST?

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: * U.S. ISM Services improved to 59.1 in June-but employment ticked down -0.5 points. * ADP Employment up +177k in June – which is second slowest level of the year. * U.S. Jobless Claims increased for the second consecutive week....
Menu

Sign Up for Bluestone's
FREE Weekly
Market Research E-mail

You have Successfully Subscribed!