Archive for August 19th, 2010

Initial Unemployment Claims Jump to 500,000

| August 19, 2010

The Department of Labor reported that initial unemployment claims increased to 500,000 last week from a revised figure of 488,000 during the prior week. This is the highest level since late 2009, pushing the four-week moving average up to 482,500. The four-week moving average has been confined to a relatively narrow range since bottoming in […]

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Philly Fed Index Signals Return to Contraction

| August 19, 2010

The Philadelphia Federal Reserve released its Business Outlook Survey for August today. The manufacturing diffusion index dropped to -7.7 from 5.1 in July, signaling contraction for the first time since July 2009. “The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased from a reading of 5.1 in July to -7.7 […]

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Short-term Forecast for August 19, 2010

| August 19, 2010

Stock Daily Chart Analyses The following daily chart analyses provide short-term forecasts for the stock markets that we monitor. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the big picture update. The S&P 500 Index The index closed sharply lower today, moving back down to recent lows of the short-term […]

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