Currency Report

On a three moving average, (3MMA) y/y comparison, the dollar was down 2.6% against the Broad Index. The dollar Broad Index was 98.68 on November 1st, it has traded in a range of 95.00, (9/1/2017) to 103.09, (1/12017) over the past 12 months. Figure 1 shows the track of the Broad Index from 2000 to [...]

The Baltic Dry Index

The three month moving average (3MMA), of the Baltic Dry Index (BDI), for September moved-up 16.9% to 1,331 month on month (m/m). The index has moved higher in each of the last four months. On a year on year basis, (y/y), the BDI was 68.4% higher. The BDI has averaged 1,073 over the past 12 [...]

Consumer Confidence

Consumer confidence soared in October as the Conference Board Consumer Confidence Composite Index rose 5.3 points to 125.9 to reach its highest level in 17 years. The composite index three month moving average (3MMA) measured 122.3, up 1.6 points month on month (m/m). On a year over year comparison, the composite index was up 25%. [...]

Automotive Sales

Data from the Bureau of Economic Analysis (BEA), shows that total light (cars and light truck/SUVs), vehicle sales in August were at a seasonally adjusted annual rate, (SAAR) of 16.463 million (M), units, down 64,000 units or 3.7% from July. On a three month moving average (3MMA), basis, sales were tracking at 16.859M, down 1.2% [...]

Consumer Credit

Total consumer credit increased by $13.10 billion, (B) in August, well off analysts’ expectations of $16B. Non-revolving credit moved-up by $7.3B, while revolving credit advanced by $5.8B. Consumer credit increased at a seasonally adjusted annual rate (SAAR), of 4.2%. Revolving credit increased at an annual rate of 7.2% percent, while nonrevolving credit increased at an [...]