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