Succinct Summations week ending January 30rd Positives: 1. Weekly jobless claims fell 43,000 to 265,000, the lowest since 2000! 2. Apple reported a record breaking quarter as it sold 74.5 million iPhones 3. Personal consumption came in at 4.3% vs 4% expected. 4. Chicago PMI came in at 59.4 vs the 57.5 expected. 5. U of Mich consumer confidence came in at 98.1, a hair below expectations but still strong and up from 93.6 in December. Negatives: 1. US Q4 real GDP came in at 2.6% annualized vs 3% expected. 2. Durable goods fell 3.4% m/o/m, below expectations and down from the 2.1% decline in November. 3. The S&P 500 had ... (full story)