Economic Data for 12.23.10

Durable Goods Orders

Released on 12/23/2010 8:30:00 AM For Nov, 2010

 Personal Income and Outlays

                                                                       

Released on 12/23/2010 8:30:00 AM For Nov, 2010

                                                   Prior   Prior Revised     Consensus      Range           Actual

Personal Income - M/M change   0.5 %        0.4 %               0.2 %   0.1 % to 0.3 %   0.3 %

Personal Income - Yr/Yr change  4.1 %                                 .9 %                             3.8 %

           Spending - M/M change   0.4 %         0.7 %              0.5 %    0.4 % to 0.8 %  0.4 %

          Spending - Yr/Yr change   3.6 %                                3.7 %                            3.8 %

Core PCE price index-M/M chg     0.0 %         0.0 %              0.1 %     0.1 % to 0.2 % 0.1 %

Core PCE price index-Yr/Yr chag  0.9 %                                 0.8 %                            0.8 %

Weekly Jobs Report (click to access Dept of Labor  Site0

Jobless Claims

Released on 12/23/2010 8:30:00 AM For wk12/18, 2010


                              Prior    Revised   Consensus      Range             Actual
New Claims - Level   420 K     423 K       420 K        400kto 425 K     420 K
4-week ma Level   422.75 K   423.5 K                                           426.0 K


Consumer SentimentReleased on 12/23/2010 9:55:00 AM For Dec, 2010

                                     
                                       Prior  Consensus      Range          Actual
Sentiment Index - Level   74.2       75.0        73.0 to 76.0    74.5

New Home Sales
Released on 12/23/2010 10:00:00 AM For Nov, 2010
                                      Prior        Revised   Consensus    Range              Actual
New Home Sales - SAAR    283K       275 K         300 K    290 K to 320 K   290 K

EIA Nat Gas Report (click to view EIA website)

Mareket Recap for 12.21.2010

Weekly CRB chart (Source Barchart.com)

The rally in the commodity sector continues: The CRB rose to the highest level in 27 months.

Monthly Cotton Chart (Source: Barchart)

Cotton trading was locked "limit up" for the 2nd day as cotton prices moved sharply higher
on continued worries about the supply/demand picture for cotton. Chinese demand remains strong while production from Pakistan, the world's third largest producer remains constrained after the flooding earlier this year.

Monthly NY Copper chart (Source: Barchart.com)

Copper prices set records on exchanges in London and New York on renewed Chinese buying and word that the operator of the worlds third largest copper mine had declared "force majeure" on copper shipment obligations.  With demand outpacing supplies, analysts are calling for further price increases in 2011. Commodity fund buying and talk of new copper backed ETF products also underpinned prices in the red metal.

ICSC-Goldman Store Sales Released on 12/21/2010 7:45:00 AM For wk12/18, 2010
                                            Prior               Actual
Store Sales - W/W change     0.8 %              1.7 %
Store Sales - Y/Y                   3.1 %              4.2 %

Redbook Released on 12/21/2010 8:55:00 AM For wk12/18, 2010
                                       Prior        Actual
Store Sales Y/Y change       2.5 %    3.8 %

Retail Sales Data (Click for website.)