Succinct Summations of Week’s Event’s 10.30.15

Succinct Summations for the week ending October 2nd, 2015

Positives:

The S&P 500 just completed its best month since October 2010.
ECI rose 0.6%, in line with estimates.
Chicago PMI rose 50 56.2, up from 48.7 previously.
Initial jobless claims came in at 260k; the 4-week average is down to 259.25k.

Negatives:

U.S. GDP grew at a 1.5% annualized pace in Q3.
Consumer confidence fell to 97.6, below expectations and down from 103 previously.
Mortgage applications fell 3.5% w/o/w.
UofM consumer sentiment fell to 90, below consensus and down from 92 previously.
Personal income rose just 0.1% m/o/m