Economic

Tony will review key economic indicators as they are released to determine the health and trend of the domestic and global economy.  With so much data each trading day, he will look point you in the direction of the most important economic releases, and how they may impact your portfolio.

Housing Starts beat expectations

Housing Starts for the month of May increased 5.0% over April to 1350k, vs. current expectations which were calling for a more modest increase of 1.9% m/m.

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Another favorable sentiment report

The University of Michigan Consumer Sentiment Survey was released this morning and the preliminary read showed sentiment rose in June to 99.3, beating expectations of 98.5.

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Producer prices hotter than expected

The Bureau of Labor Statistics (BLS) reported this morning that the May Producer Price Index (PPI) rose 3.1% year-over-year, above consensus expectations which had called for a rise of 2.8%.

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