Economic Data
- US Feb existing home sales up to 4.72M from 4.49M in Jan (better than expect, 4.45M), one of the sight about the economic recover
- US Feb new home sales up to 337k from 322k in Jan (better, 300k), another sight about the economic recover
- US Feb durable goods orders up +3.4% from -5.2% in Jan (better, -2.5%) good, but continue trend is important to confirm there is a recover in durable goods order. Also, Obama's tax refund will kick off in Apr / May, that means one should look at the trend at least up to Jun/Jul in order to have a more meaningful confirmation.
- US revised 4Q GDP down to -6.3% from -6.2% with 1st draft (better, -6.6%), GDP was peak at 2Q08, therefore, we can assume 1Q09 & 2Q09's GDP will continue go down and l think it will turn positive at 3Q and 4Q for sure. GDP is an important measure of recession, if GDP turn back to positive, we can technically say the economy has pass through the lowest bottom
- US Feb personal income down -0.2% from +0.2% (worse, -0.1%), I think there is something to do with the bonus cut, so far, personal income is still keeping in a nice growing pace compare to other economic data
- US 03/21 initial jobless claim up to 652k from 644k in 03/14 (same, 650k), again, kind of expected with no surprise.
No comments:
Post a Comment