Tuesday, August 27, 2013

It's The Economy Stupid: S&P Case-Shiller Numbers

According to NBC sources: US missile strike against Syria could come 'as early as Thursday

 

Let’s review what’s going on:  Possible military intervention in Syria, interest rates going the wrong way, economy not really growing much, stock market volatility, debt limit fight on the horizon, and Miley Cyrus’ horrendous choice of attire for VMA performance.

 

So, this should be an interesting week for investing.

 

The S&P Case Shiller housing numbers were good, indicating that house sales have improved over the last year.  Now the real question is can the housing supply & demand meet in a happy balance to keep this going.  The 20 City index is up for the fourth straight month!

 

Economic Event

Period

Economic Survey

Actual Reported

Original Prior

Revised Prior

S&P/CS 20 City MoM SA

Jun

1.0%

0.9%

1.1%

1.0%

S&P/CS Composite-20 YoY

Jun

12.1%

12.1%

12.2%

12.2%

S&P/CaseShiller Home Price Index NSA

Jun

159.30

159.54

156.14

156.18

S&P/Case-Shiller US HPI YoY

2Q

--

10.1%

10.2%

10.1%

S&P/Case-Shiller US HPI NSA

2Q

--

146.32

136.7

136.59

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us

 

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