Opinions Uncensored

Q4 GDP Forecasts: High 2s

From Merrill Lynch:Core retail sales popped 0.9% mom in Nov with net upward revisions. Industrial production climbed 0.6% driven by utilities. These data boosted 4Q GDP tracking by 0.4pp to 2.9% qoq saar. [Dec 14 estimate].emphasis addedAnd from the Altanta Fed: GDPNowThe GDPNow model...

Industrial Production Increased 0.6% in November

From the Fed: Industrial Production and Capacity UtilizationIndustrial production rose 0.6 percent in November after moving down 0.2 percent in October; the index for October was previously reported to have edged up 0.1 percent. In November, manufacturing production was unchanged, the output of...

Retail Sales increased 0.2% in November

On a monthly basis, retail sales increased 0.2 percent from October to November (seasonally adjusted), and sales were up 4.2 percent from November 2017.From the Census Bureau report:Advance estimates of U.S. retail and food services sales for November 2018, adjusted for seasonal variation and...

Friday: Retail Sales, Industrial Production

Friday:• At 8:30 AM ET: Retail sales for November will be released.  The consensus is for a 0.1% increase in retail sales.• At 9:15 AM: The Fed will release Industrial Production and Capacity Utilization for November. The consensus is for a 0.3% increase in Industrial Production, and for...

LA area Port Traffic Decreases YoY in November

Container traffic gives us an idea about the volume of goods being exported and imported - and usually some hints about the trade report since LA area ports handle about 40% of the nation's container port traffic.The following graphs are for inbound and outbound traffic at the ports of Los...

Hotels: Occupancy Rate Decreased Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 8 DecemberThe U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 2-8 December 2018, according to data from STR.In comparison with the week of 3-9 December 2017, the...

Weekly Initial Unemployment Claims decreased to 206,000

The DOL reported:In the week ending December 8, the advance figure for seasonally adjusted initial claims was 206,000, a decrease of 27,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 231,000 to 233,000. The 4-week moving average was 224,750, a...

Thursday: Unemployment Claims

From Matthew Graham at Mortgage News Daily: Mortgage Rates Could Go Even HigherMortgage rates rose more noticeably today as a part of a 3 day bounce after hitting the lowest levels in roughly 3 months at the end of last week. Whereas yesterday's increases weren't really worth mentioning,...