Construction Spending Data

12-2-2013 4-58-24 PMToday, the opening price on the E-mini S&P was (1804.75). Today’s high price was (1809) at 12:55 a.m. US/Eastern time. At 4:00 p.m. US/Eastern time, the low price of the day was (1797). The Construction Spending data represents the dollar value of new construction activity on residential, non-residential, and public projects. The data is available in nominal and real (inflation-adjusted) dollars. For the month of October construction outlays made a comeback. Construction outlays rebounded 0.8 percent after a decline of 0.3 percent in September. Public construction spending is up a monthly 3.9 percent, followed by a 1.9 percent decrease the month before. Private residential outlays went down 0.6 percent in October, following a 1.7 percent boost the month before. New 1-family spending declined 0.6 percent after rising 1.7 percent. Multi-family outlays went up 2.2 percent after jumping 4.3 percent in September. Residential outlays excluding new homes dropped 1.2 percent, following a gain of 3.6 percent the month before. Nonresidential private outlays dropped 0.5 percent in October, following a 1.0 percent decrease in September.

International Council of Shopping Centers

11-26-2013 4-38-42 PMThe E-mini S&P opening price today was (1801.75). Today, the price (1798.75) was hit at 10:10 a.m. US/Eastern time. The high price (1807) was reached at 3:30 p.m. Eastern time. Each week, the International Council of Shopping Centers publishes a report of the weekly measure of comparable store sales at major retail chains. Investors want to know about this report because accounts for roughly 10 percent of total retail sales. There is not much explanation as to why this weeks growth surged 2.6 percent while the year-on-year rate fell a sizable 7 tenths to only plus 2.1 percent. The trend in this report is that the Black Friday sales are going to be flat, which will not make or break November.

Important Economic Speakers

11-22-2013 5-07-48 PMThe opening price on the E-mini S&P market today was (1784.25). At 3:20 p.m. US/Eastern time, the day’s high of (1795.50) was reached. The day’s low point of (1783.50) was hit about 5 minutes after market opening . According to the Bloomberg Economic Calendar, there were two important speakers today. Esther George, the Kansas City Federal Reserve Bank President, gave a speech on bank supervision at Bank of France conference in Paris. Daniel Tarullo, a member of the Board of Governors of the United States Federal Reserve Board since January 28th, 2009, gave a speech on shadow banking to Economic Policy Institute in Washington. There was no indication that the speakers had any significant impact on the market.

New York Fed President William Dudley

11-20-2013 4-39-01 PMThis morning, the E-mini S&P opened at (1788). The day’s high price of (1794.25) was hit at 10:25 a.m. US/Eastern Time. The day’s low (1774.50) was hit at 3:10 p.m. US/Eastern. William Dudley the New York Fed President talked about the labor market at the press conference on regional and national economy in New York this morning. He mentioned that the Fed wants to bring the unemployment rate down as part of its dual mandate. The NY Fed president expects that economic growth will improve to a range of 2.5 percent to 3 percent in 2014. He expected inflation to remain below the Fed’s goal of 2 percent in 2014.

Empire State Mfg Survey

11-15-2013 4-13-34 PMThe opening price on the E-mini S&P today was (1791.25). At 11:50 a.m. US/Eastern time, the market double bottomed at (1788). At 4:05 p.m. US/Eastern time the high price of the day (1796) was hit. Each month, the New York Fed conducts a monthly survey of manufacturers in New York State. Representatives from a variety of industries participate. About 175 manufacturing executives respond to the questionnaire, which is sent out on the first of each month. The questionnaire covers an assortment of indicators from the previous month. Respondents are also asked for their views about the likely direction of these same indicators six months ahead. In the month of November, the conditions have turned slightly negative in the New York manufacturing region. The General Business Conditions Index dropped to minus 2.21 from 1.52 in October. New orders are at minus 5.53, unfilled orders are at minus 17.11, shipments are at minus 0.53, and employees are at zero this month. These lacking numbers are pointing to further declines. This is the first time since May that the Empire State index is in the minus column, which indicates a flattening in growth, not a reversal.