FYI: Last week saw 23 releases with pretty much an even split between beats and misses. Homebuilder sentiment was the only release on Monday; coming in unchanged from the prior month but also missing forecasts. Manufacturing data on Tuesday came in somewhat mixed. While Durable goods were weaker, Capital goods were unchanged. As expected, the FOMC did not change rates but their more dovish tone on Wednesday was a major shift. The Philly Fed came in very strong on Thursday thanks to strong shipments, although more forward-looking internals were weaker. To round out the week, much like other global Flash PMIs, the US releases for both service and manufacturing PMIs were weaker than expected.
Regards,
Ted A.K.A. Night Owl
https://www.bespokepremium.com/think-big-blog/this-weeks-economic-indicators-3-25-19/
