Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
This is a mixed bag. The headline Non Farm Payrolls was lower than expectations by 22,000, but the revision to the prior two months were + 19,000…so that is a wash. The wage data was higher than expected. The headline Non Farm Payroll is positive for pricing, but in totality, this report really isn’t weak
READ MORENovember JOLTS 5.552M vs. estimates of 5.555M. November Wholesale Inventories 1.0% vs. estimates of 0.9%. Generally, neither of these is a major factor in pricing.
READ MOREWeekly jobless claims rose by 10,000 to 247,000 last week. That came in lower than the 255,000 estimate. The prior week was revised higher by 2,000 to 237,000
READ MOREImport Prices MOM 0.4% vs. estimates of 0.7%. Export Prices MOM 0.3% vs. estimates of 0.1%. No sign of inflation from overseas as our Import prices were about half of market expectations. A slight positive for MBS and interest rates this morning.
READ MOREThe Commerce Department reports retail sales rose 0.6% last month, missing expectations for a rise of 0.7%. Excluding the volatile auto component, sales rose 0.2%, compared to views for a 0.5% increase.
READ MOREThe Labor Department reports prices at the wholesale level rose 0.3% in December, matching expectations. Prices excluding the volatile food and energy components rose 0.2%. Wall St expected a rise of 0.1%.
READ MOREA closely-watched gauge of consumer sentiment from the University of Michigan came in at 98.1 in January. That’s down a tick from December’s reading of 98.2. Economists were looking for the reading to increase to 98.5.
READ MOREThe New York Federal Reserve’s gauge of manufacturing activity in the region fell in January. The gauge declined to a reading of 6.50 from a downward revised December reading of 7.60 in December. Wall Street had anticipated a smaller decline to a reading of 8.50. Readings above 0 point to expansion, while those below indicate
READ MOREThe Labor Department reports prices at the consumer level increased 0.3% in December, matching the estimate. Excluding the volatile food and energy components, prices were up 0.2%, also matching expectations.
READ MOREHome Builders Sentiment 67 vs. estimates of 70. Last month was revised lower from 70 to 69. Anything above 50 is good. Not a factor in interest rate pricing.
READ MORE
