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2014
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Bonds are wrapping up the year clinging to slight gains. Economic reports this morning were mixed with the heavy hitting Chicago PMI coming in slightly lower than the 60.1 estimate, at 58.3. Initial Jobless Claims for the week ending December 27 reported at 298,000 vs. the estimated 290,000. And,...
12/31/2014
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The U.S. markets have been generally quiet in this last week of the year, despite geopolitical headlines out of the Eurozone and Libya. These concerns, however, have been pegged as point of skepticism and will keep Stocks from seeing gains today. Bonds are positive but continue to trade in a very...
12/30/2014
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The end of year “Santa Claus” stock rally is being stifled a bit, while investors mull over geopolitical headlines. Mortgage Bonds are trading in positive territory, looking to rally on investor concerns and light volume. This short trading week with lacking volume can magnify moves and appear as...
12/29/2014
Economic growth across the U.S. rose to its fastest pace in 11 years led by a surge in consumer spending. The Bureau of Economic Analysis (BEA) reported on Tuesday that the final reading on third quarter 2014 Gross Domestic Product (GDP) rose by a blistering 5.0%, up from the prior reading of 3.9...
12/23/2014
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Sales of previously owned homes unexpectedly fell in November from October to a six month low. The National Association of REALTORS® (NAR) reported today that Existing Home Sales in November fell by 6.1% from October to an annual rate of 4.93 million units, which was well below the 5.20 million e...
12/22/2014
The Federal Reserve Bank of the U.S. held its final meeting of the year yesterday in Washington, D.C. and coined a new phrase of "can be patient in beginning" regarding raising short term interest rates next year. The current time frame for higher rates from economists are expected to come in the...
12/18/2014
Groundbreaking for construction of new homes eased from October to November according to the Commerce Department on Tuesday. Housing Starts fell by 1.6% last month from the previous month to an annual rates of 1.03 million units from the 1.05 million recorded in October and below the 1.04 million...
12/16/2014
Home builder sentiment across the nation edged lower in December, but still remains robust as 2014 comes to an end. The National Association of Home Builders Housing Market Index fell to 57 this month, which was just below the 58 expected and down from the 58 recorded in November. Any number abov...
12/15/2014
The prospect of an improving job market and higher wages, coupled with plunging gas prices at the pump led Consumer Sentiment to near eight year highs this month. The December Consumer Sentiment Index rose to 93.8 in the first of two readings this month, well above the 89.5 expected, and up from ...
12/12/2014
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Consumers opened their wallets in November and spent on goods ranging from cars to clothing as the holiday shopping season got underway. The Commerce Department reported that Retail Sales rose by 0.7% last month, above the 0.4% expected and up from the 0.5% recorded in October, which was revised ...
12/11/2014