Archive for October 15th, 2010

Retail Sales Rise in September

| October 15, 2010

The Census Bureau reported that retail sales increased 0.6% in September from August. Without the impact of auto sales, which benefitted from an easy year-over-year comparison due to the slump following the expiration of the Cash for Clunkers program, total sales increased by 0.4%. The uptrend from early 2009 has now drifted up to a […]

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Consumer Sentiment Unexpectedly Declines

| October 15, 2010

The University of Michigan consumer sentiment index declined to 67.9 in October from 68.2 in September. Consensus expectations were for an increase to 69.8. The sentiment index has held near current levels since the abrupt plunge in July, and the current reading below 70 is indicative of a relatively weak economic environment as experienced by […]

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Inflation Measures Hold Near Long-term Lows

| October 15, 2010

The Cleveland Federal Reserve reported several inflation measures for September today, indicating that consumer prices remain under pressure. “The median Consumer Price Index was virtually unchanged at 0.0% (0.6% annualized rate) in September. The 16% trimmed-mean Consumer Price Index increased 0.1% (0.9% annualized rate) during the month. The median CPI and 16% trimmed-mean CPI are […]

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Short-term Forecast for October 15, 2010

| October 15, 2010

Stock Daily Chart Analyses The following technical and cycle 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 latest big picture update. The S&P 500 Index The index closed slightly higher today, holding near recent highs of the uptrend […]

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