dshort - Advisor Perspectives
S&P 500 Snapshot: Post-Fed Hike and FCC Ruling, Tax Bill Looms
Fri, 15 Dec 2017 17:15:00 -0500

This week was a busy one for headlines, between the FCC's decision to repeal net neutrality rules, the Fed's expected rate hike, and the tax bill on the verge of passing. The S&P 500 jumped upon opening Friday, and climbed throughout the day, closing 0.9% above Thursday. The preliminary volume tally shows a whopping 66% above the 50-day moving-average. Year-to-date, the index is up 19.52%.

The Big Four Economic Indicators: Industrial Production Up 0.2% in November
Fri, 15 Dec 2017 11:30:00 -0500

Today's report on Industrial Production for November shows a 0.2% increase month-over-month, which was worse than the Investing.com consensus of 0.3%. Industrial Production peaked in November 2014, only one point higher than its pre-recession peak in November 2007. The year-over-year change is 3.35 percent, up from last month's YoY increase.

ECRI Weekly Leading Index: WLI Continues to Climb
Fri, 15 Dec 2017 10:30:00 -0500

Today's release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 147.5, up 0.3 from the previous week and another record high. Year-over-year the four-week moving average of the indicator is now at 3.41%, down from 3.87% last week. The WLI Growth indicator is now at 3.5, up from the previous week.

Empire State Manufacturing Survey: Continued Growth in December
Fri, 15 Dec 2017 08:30:00 -0500

This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at 18.0 was a decrease of 1.4 from the previous month's 19.4. The Investing.com forecast was for a reading of 18.6.

A Long-Term Look at Inflation
Thu, 14 Dec 2017 15:00:00 -0500

The Consumer Price Index for Urban Consumers (CPI-U) released Friday puts the year-over-year inflation rate at 2.20%. It is below the 3.76% average since the end of the Second World War and above its 10-year moving average, now at 1.71%.


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