While there are signs of an improving domestic economy, not all sectors are recovering at the same vector and velocity
As we put last week under the microscope, we are seeing some signs that there are improvements within the domestic economy; however not all sectors and indicators are recovering at the same vector and velocity. This suggests the speed of the economy in the back half of the year is not likely to reach breakout velocity and will likely continue at its contained pace, as it has over the last several years. All the more reason to be viewing the world through a thematic lens like we do at Tematica Research.
In this week’s Monday Morning Kickoff:
- The housing data from last week’s July Flash PMI reports was upbeat, with housing starts rising more than expected in June. Read More >>
- The July Flash PMI data for the Eurozone reflected as expected a plummet in the UK economy post Brexit. Read More >>
- With 25 percent of the companies in the S&P 500 reporting earnings to date for 2Q 2016, 68 percent have reported earnings above the mean estimate and 57 percent have reported sales above the mean estimate. Read More >>
- Aside from the barrage of earning reports, we have the Democratic National Convention and of course the economic calendar as well. On that calendar we have June reports for Consumer Confidence and Durable Orders as well as a number of July regional Fed manufacturing reports. Read More >>
All that plus a full list of earnings reports we’ll be watching through our thematic lens, in what is a pretty jammed-packed Monday Morning Kickoff. Click below to download the full report:
