The Good, The Bad, & The Lovely 09.20.13

Good, Bad and Lovely The Lovely: The Fed Continues Printing $4B/Day!

Good:
  1. Stocks are strong
  2. Industrial production matched estimates and rose 0.4% in August after being flat in July. Read here
  3. The consumer price index (CPI) rose by 0.1% in August which missed estimates for a gain of 0.2%.Read here
  4. No Taper, Fed stays the course and continues QE Read here
  5. Existing home sales surge to a 6.5 year high and top estimates Read here
  6. The Philly Fed index jumped to 22.3 which was the highest level in over two years and easily beat expectations for a reading of 10 Read here
  7. Leading economic indicators topped estimates and rose nicely in August. Read here
Bad:
  1. New York State’s manufacturing index unexpectedly slows in September.  Read here
  2. Home builder sentiment was unchanged at 58 in September, missing estimates for 59. Read here
  3.  Gold and Silver are trading all over the map.

 

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