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 Oct. 14, 2011
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

Longer dated treasuries fell during the bond market's holiday shortened week on better than expected US economic data and rising confidence that Europe is making progress towards a debt resolution. Prices were lower Tuesday and Wednesday as investors' risk appetite grew stronger due to positive news coming out of Europe. Treasuries rose on Thursday due to strong demand in the 30-year auction amid resurfacing concerns about the debt crisis in Europe. Prices fell again Friday as retail sales climbed 1.1% versus the expected 0.7% and retail sales less autos also moved higher than expected growing 0.6% compared to the anticipated 0.3%. Major economic reports (and related consensus forecasts) for next week include: Monday: October Empire Manufacturing Index (-4.00), September Industrial Production (0.2%) and September Capacity Utilization (77.5%); Tuesday: September Producer Price Index (+0.2% MoM, +6.4% YoY) and September Producer Price Index Excluding Food and Energy (+0.1% MoM, +2.4% YoY); Wednesday: September Consumer Price Index (+0.3% MoM, +3.8% YoY), September Consumer Price Index Excluding Food and Energy (+0.2% MoM, +2.1% YoY), September Housing Starts (595,000, 4.2% MoM), September Building Permits (610,000, -2.4% MoM) and the Fed's Beige Book released. Thursday: Initial Jobless Claims (402,000), September Leading Indicators (0.3%), October Philadelphia Fed Index (-9.8) and September Existing Home Sales (4.93M, -2.1% MoM).
Posted on Monday, October 17, 2011 @ 8:34 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

US Stocks Week Ended October 14, 2011
Perspective on the 3rd Quarter
Preferred Securities Offer Edge Over Common Shares of Financials in Current Climate
Companies Have Plenty Of Room To Boost Dividends
Talking Points - A Recap of September 2011
Sell-Off in High Yield Corporate Bonds Pushes Yields Back to Longer-Term Norm
Dollar Beating All Assets in September Undermines S&P U.S. Debt Downgrade - Bloomberg.com
Why U.S. Stock Funds Could See Year-End Rally - MarketWatch.com
Come in off the Ledge
Adding High-Dividend Stocks to Your Portfolio
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.