Good, Bad & The Lovely For The Week

Good, Bad and Lovely
The Lovely: Fed Meets Next Week and a lot of open questions: Taper? Not Yet? How Much?
Good:
  1. Market and leading stocks acting well
  2. China said its exports rose by 7.2% in August, topping estimates for a 6% gain. Read here
  3. US consumer credit growth rose at a 4.4% annual rate in July expanding by $10.4 billion, down from a 5% rate in June. This beat the Street’s estimate for $12.5 billion. Read here
  4. In China, Industrial output, retail sales, and fixed income investment all beat estiamtes which bodes well for the global economy. Read here
Bad:
  1. Mortgage applications slid last week as rates hit their highest level for the year. Read here
  2. Refinancing activity plunged to the lowest level in four years Read here
  3. Retail sales only rose by 0.2% in August which missed estimates for again of 0.4%. Read here
  4. Preliminary reading of September consumer sentiment slid to 76.8, missing estimates for 82 Read here
  5. The Produce price index (PPI) rose 0.3% in August, just above the 0.2% estimate. Read here

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