Succinct Summations for the week ending October 16th, 2020
1. Increasing signs of a decisive, earlier election result harkens markets. 2. Retail sales rose 1.9% m/o/m, above expected increase of 0.7%. 3. Import prices rose 0.3% and export prices rose 0.6% m/o/m. 4. PPI-FD rose 0.4% w/o/w, above the expectations. 5. Consumer sentiment is at 81.2 for October, above the expected 80.5.
1. In 7 decades of televised presidential debates, this was the first one ever to be cancelled. 2. Jobless claims rose 53k w/o/w from 845k to 898k, above the expected 825k. 3. Home mortgage apps fell 2.0% w/o/w; Home refinance apps fell 0.3% w/o/w. 4. CPI rose 0.2% m/o/m, below the previous increase of 0.4%. 5. Industrial production fell 0.6% m/o/m, below the expected increase of 0.6%. 6. Business inventories rose 0.3% m/o/m, below the expected increase of 0.4%.