Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube

  US Economy and Credit Markets Week Ended January 16, 2015
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

The Treasury's 10-year yield fell to the lowest point since 2012 due to increasing fears over global deflation. On Wednesday, mortgage applications surged as a result of falling borrowing costs. Retail sales failed to meet expectations, declining by the most in almost a year and prompting some economist to lower spending and growth forecasts. On Thursday, the PPI Final December Demand report beat expectations on both a month-ago and year-ago basis. Claims for unemployment insurance benefits rose more than expected. The increase is in large part due to the dismissal of workers that were hired temporarily specifically for the holiday season. The University of Michigan preliminary consumer sentiment index exceeded expectations on Friday. Steady job gains and plunging gas prices were in part responsible for consumer confidence reaching the highest level in 11 years. Change in Major economic reports (and related consensus forecasts) for the upcoming holiday week include: Wednesday: January 16 MBA Mortgage Applications, December Housing Starts (1040k); Thursday: January 17 Initial Jobless Claims (300k); Friday: January Markit US Manufacturing PMI (54.0), December Existing Home Sales (5.07M), December Leading Index (0.40%).
Posted on Tuesday, January 20, 2015 @ 8:42 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email

Some Perspective On The Performance Of The S&P 500
Large-Capitalization Stocks Extend Leadership Role To Three Years
Guidance on Guidance
US Stocks Week Ended January 9, 2015
US Economy and Credit Markets Week Ended January 9, 2015
Corporate Cash Holdings Remain High
Focus on Sector Strength in 2015
2015 & 2016 Earnings Snapshot
US Stocks Week Ended January 2, 2015
US Economy and Credit Markets Week Ended January 2, 2015
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2022 All rights reserved.