Marketwatch 666

The key economic reports released last week were the second estimate of 1st quarter GDP and the April report on Personal Income and Spending , both from the Bureau of Economic Analysis, and the April advance report on durable goods and the April report on new home sales , both from the Census bureau….This week also saw the release of the widely watched March Case-Shiller Home Price Index from S&P Case-Shiller , an index which is computed from the relative average of January, February & March home sales prices as compared to home sales prices of the same homes when they sold during previous 3 month periods; the Case Shiller index indicated that home prices nationally for those 3 months averaged 0.7% higher than prices for the same homes that sold during the same 3 month period a year earlier, down from the 0.8% year over year increase they reported for their February national index, covering home prices for December, January and February… In addition, the last two regional Fed...

The key economic releases from government agencies during the past week were the Advance Estimate of 1st quarter GDP and the concurrent March report on Personal Income and Spending , both from the Bureau of Economic Analysis; other widely watched releases included the March advance report on durable goods and the March report on New Residential Construction , both from the Census bureau… Major privately issued reports released during the week included the February Case-Shiller Home Price Index from S&P Case-Shiller, which indicated that their index of the relative average of December, January and February home prices was 0.7% higher than their index of average prices for the same homes that sold during the same 3 month period of a year earlier; the light vehicle sales report for April from Wards Automotive , which estimated that vehicles sold at a 16.4 million annual rate in April, up from the 16.3 million sales rate in March, but down from the 17.27 million annual sales rate re...

The key economic reports released last week were the 2nd estimate of 4th quarter GDP and the January report on Personal Income and Spending , both from the Bureau of Economic Analysis, and the Consumer Price Index Summary for February from the Bureau of Labor Statistics…other widely watched releases included the Commerce Dept’s report on our International Trade for January , the Job Openings and Labor Turnover Survey (JOLTS) report for January from the Bureau of Labor Statistics (BLS), the Advance Report on Durable Goods Manufacturers’ Shipments Inventories and Orders for January and the January report on New Residential Construction , both from the Census Bureau, and the Existing Home Sales Report for February from the National Association of Realtors (NAR)… 4th Quarter GDP Grew at a 0.7% Rate, Revised from the 1.4% rate Shown in the Advance Estimate The Second Estimate of our 4th Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and servic...