I'll do a quick review of the week's econ #s:
PMI Manufacturing Index: 51. above 50 = expansion. So slightly positive
Chicago Fed National Activity Index: highest since november '15
Redbook: indicated same store sales are up yoy 1.2%.
Case shiller home values: up 5.7% yoy
Consumer confidence: 92 - down a little but still fairly high historically
existing home sales up 11.2% yoy (!)
Richmond Fed: contraction
Investor confidence: falling a bit, but still unch from a year ago
mortgage apps: up 27% yoy
PMI services: below 50, first time in 3 years
New home sales: moving wildly, hard to get much meaning
Durable goods orders: up 4.9% m/m and 1.8% y/y
jobless claims still at historic lows
FHFA House Price Index +5.7% yoy
Bloomberg Consumer Comfort Index: no change
Kansas City Fed Manufacturing Index: negative but improving from last q
4q GDP revision now up tp 1.0% from 0.7%
personal consumption expenditures revised to up 2.0%, alittle lower than prev est
personal income up 0.5% m/m (very strong)
Core price index up 1.7% yoy
Consumer Sentiment: rose m/m and at historically high levels
So, Igy...some weakness in manufacturing and one service indicator, but everything else pretty strong and usually firming.