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Succinct Summation of Week’s Events 3.24.17
Succinct Summations for the week ending March 24th, 2017. Positives: 1. New home sales rose 6.1% to a 592 annualized rate. 2. Durable goods rose 1.7%, slightly above expectations. 3. The Chicago Fed national activity index rose from -0.05, which was revised up to -0.02, to 0.34. 4. FHFA house price index rose 5.7% y/o/y. Negatives: 1. S&P 500 fell 1% in remarkably, its worst week of the year. 2. PMI composite flash came in at 53.2, below the 54.3 expected. 3. Core capital goods fell 0.1%, versus an anticipated 0.5% increase. 4. Existing home sales fell 3.% in February to a 5.48M annualized rate, below the 5.55M ... (full story)