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Succinct Summation of Week’s Events 6.28.19
Succinct Summations for the week ending June 28th, 2019 Positives: 1. Markets recover most of their early week sell off to finish nearly flat; 2. Corporate profits rose 2.3% y/o/y, higher than the previous 1.6%. 3. GDP growth for Q1 (3rd read) came in unchanged at 3.1%. 4. Home mortgage purchase apps are up 9.0% y/o/y despite falling 1.0% w/o/w. 5. FHFA house price index rose 0.4% m/o/m, beating the expected increase of 0.2%; Pending home sales rose 1.1% m/o/m, beating the expected increase of 0.6%. 6. Retail inventories rose 0.5% and wholesale inventories rose 0.4% m/o/m as expected. Negatives: 1. Trade Wars turn ... (full story)