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Succinct Summations of Week’s Events 8.23.19
Succinct Summations for the week ending August 23rd 2019 Positives: 1. FOMC meeting in Jackson Hole seems to be progressing well 2. Index of leading economic indicators rose 0.5% in August, above the expected 0.2% 3. E-Commerce retail sales rose 4.2% q/o/q, higher than the previous increase of 3.6%. 4. Existing home sales came in at 5.420M for July, above the expected 5.385M. 5. Same store sales rose 4.9% w/o/w, higher than the previous increase of 4.4%. Negatives: 1. More trade war idiocy sends Markets lower for 4th consecutive week 2. Bond yields plummet on recession fears; 3. Home mortgage apps fell 4.0% w/o/w, ... (full story)