/Succinct Summations of Week’s Events 2.7.20

Succinct Summations of Week’s Events 2.7.20

Succinct Summations for the week ending February 7th, 2020


1. Yay! Impeachment is over, and we can all get back to normal!
2. Non-farm payrolls rose 225k m/o/m, above the expected 160k.
3. Private payrolls came in at 291k for January, above expectations.
4. Jobless claims fell 15k w/o/w from 217k to 202k.
5. Home refinance apps rose 15.0% w/o/w.
6. Same store sales rose 5.7% w/o/w.
7. Factory orders rose 1.8% m/o/m, above expectations.


1. Ugh: Now we get to spend the next 9 months focusing on 2020 Presidential Elections!
2. Total nonfarm employment level (March 2019) revised downward by 514,000;
3. Home mortgage apps disappointed, falling 10.0% w/o/w;
4. Unemployment rate rose from 3.5% to 3.6% in January.
5. PMI Manufacturing Index fell 0.5% in January from 52.4 to 51.9.
6. Non-farm productivity rose 1.4% m/o/m, below expectations.
7. Wholesale trade fell 0.2%, below expectations.

Thanks, Matt!



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