Marketwatch 666

The key economic releases of the past week were the 3rd estimate of 2nd quarter GDP from the Bureau of Economic Analysis, which included an annual revision covering the prior five years, and the August report on Personal Income and Spending , also from the BEA, which includes two months of data on personal consumption expenditures and hence will account for more than 47% of 3rd quarter GDP….other widely watched reports released this week included t he August advance report on durable goods and the August report on new home sales , both from the Census bureau, and the Existing Home Sales Report for August from the National Association of Realtors…in addition, this week also saw the release of the Chicago Fed National Activity Index (CFNAI) for August , a weighted composite index of 85 different economic metrics, which rose to –0.12 in August from –0.28 in July, after the July index was revised down from –0.19; that left the more often cited 3 month moving average of the index at –0.1...

The key economic releases of last week were the 3rd estimate of 2nd quarter GDP from the Bureau of Economic Analysis, which included an annual revision covering the prior five years, and the August report on Personal Income and Spending , also from the BEA, which includestwo months of data on personal consumption expenditures and hence will account for more than 47% of 3rd quarter GDP….other major agency reports released this week included t he August advance report on durable goods and the August report on new home sales , both from the Census bureau, and the Case-Shiller house price indexes for July from S&P Case-Shiller , who reported that their national home price index based on relative May, June and July home sales prices was 5.0% higher than their price index for the same three months of a year earlier…in addition, this week also saw the release of the Chicago Fed National Activity Index (CFNAI) for August , a weighted composite index of 85 different economic metrics, whic...