Succinct Summation of Week’s Events 8.11.17

August 12, 2017

Succinct Summations for the week ending August 11th, 2017


1.Nuclear war postponed (for now)
2. Jobless claims remain low at 244k, with the 4-week moving average down to 241k.
3. MBA mortgage composite index rose 3% w/o/w.
4. NFIB small business optimism index rose from 103.6 to 105.2, higher than the 103.2 expected.
5. Special Prosecutor seems to be making progress…


1. US stocks had a rough week, as the S&P 500 experienced its largest weekly decline since March.
2. Headline producer prices fell 0.1% in most recent report — first m/o/m decrease of the year.
3. Consumer prices also remain soft, rising just 0.1% m/o/m and 1.7% y/o/y.
4. Nonfarm productivity rose at a SAAR of 0.9%, on the low end of the expected range.

Thanks, Mike!

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