It's The Economy Stupid: The good, the bad & the ugly

IInitial Jobless Claims UP, that’s BAD

Continuing Jobless Claims UP, that’s BAD

Bloomberg Consumer Comfort DOWN, that’s BAD

Bloomberg Economic Expectations UNCHANGED, sadly, in this report that qualifies as GOOD

Philadelphia Fed DOWN, that’s BAD

Existing Home Sales DOWN, that’s BAD

Existing Home Sales MoM DOWN, that’s BAD

Leading Indicators DOWN, that’s BAD

 

So, let’s summarize:  bad, bad, bad, good, bad, bad, bad, bad.

 

In total:  UGLY!

 

Economic Event	Period	Economic Survey	Actual Reported	Original Prior	Revised Prior
Initial Jobless Claims	JUL 14	365K	386K	350K	352K
Continuing Jobless Claims	JUL 7	3300K	3314K	3304K	3313K
Bloomberg Consumer Comfort	JUL 15		-37.9	-37.5
Bloomberg Economic Expectations	JUL		-11.0	-11.0
Philadelphia Fed	JUL	-8.0	-12.9	-16.6
Existing Home Sales	JUN	4.62M	4.37M	4.55M	4.62M
Existing Home Sales MoM	JUN	1.5%	-5.4%	-1.5%	0.0%
Leading Indicators	JUN	-0.1%	-0.3%	0.3%	0.4%

 

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury