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Succinct Summations of Week’s Event’s 12/19/14
Succinct Summations week ending December 19th Positives: 1. Standard & Poor’s 500 Index had the biggest daily back-to-back gains since March 2009. 2. Despite last week’s selloff — the biggest in over two years — the S&P 500 is up for the month of December. 3. Industrial production rose 1.3% vs expectations for a 0.7% increase. This was the biggest monthly increase since May 2010 4. Initial jobless claims came in at 289k vs the 295k expected. 5. Capacity Utilization came in above 80% for the first time since 2008. 6. U.S. manufacturing output rose 1.1% last month and surpassed its pre-recession peak. 7. CPI ... (full story)
