Armada Intelligence
Category archives for: U.S

US Dollar Surges.

When it comes to the US dollar, small percent changes have big market impacts. The dollar gained strongly against a bucket of currencies on Tuesday, and especially the Euro which fell below the $110 benchmark rate many considered to be a technical level. The dollar index was up by 1.3% in trading on Tuesday.

Flash US Services Report Slips $

As you probably know, there are two primary business reports released at the end of each month from Markit surveys, one covering manufacturing and the other covering services.  The manufacturing reports (from both Markit and the ISM) cover about 19% of the US economy; the services sector covers about 70%, other industries make up the […]

New Home Sales Rise in April.

New home sales moved upward to a seasonally adjusted 517,000 annual rate, up from 484,000 posted in March, a gain of 6.8%. As we mentioned in the story above, one of the big reasons why new home sales may be a little depressed (lower than normal) is that we don’t have a tremendous amount of […]

S&P/Case-Shiller 20 City Home Price Index Lifts in March. $

It’s a bit of a lagging data point, but the Case-Shiller March 20-City Home Price Index was released today, and it improved by 5% year-over-year in March. This was the 35th consecutive month of gains year-over-year for home prices. The chart from S&P at right would seem to be far less exciting – especially when […]

Durable Goods New Orders Mixed. $

Let’s jump to the big headline figure that means the most to us. Nondefense capital goods new orders rose .3% in April. This represents business investment and spending. When the Nondefense capital goods figure is good, it means that business sentiment and investment is growing – hence economic activity is likely to improve.

Heavy Economic News Day.

Today was a heavy economic news day. In fact, this week will be heavy for major economic news from around the world. If you paid attention to Wall Street today, you would have seen a lot of the volatility and uncertainty playing out on the street. The CBOE VIX was up 19% at one point […]

3% US GDP Growth Rate Still on Tap. $

There have been a number of analysts that have looked at the recent data being released by the Fed and although we don’t see it in current data; they believe that we are still on track for a 3% economy.

Service Profit Chain vs. Customer Focus? $

There is a little bit of a debate raging among some of our clients regarding the service profit chain vs. a heavy customer focused culture. Don’t over engineer this, we know that there are hundreds of philosophies and principles out there on different ways to focus a company. But, the fundamental difference between the service […]

Fed Minutes Confirm June is Not Likely 

This is not to say that the Fed has elected to do away with June altogether but it now appears very unlikely the Fed will act on interest rates in the month. The conversation was very one sided as far as the latest minutes read. There was almost no support for a June hike except […]

Housing Slips – Again 

The housing market simply can’t seem to catch fire but at least it has not collapsed. The latest data on existing home sales came in with a 3.3% decline and that was worse than had been expected by analysts. The previous month featured a surge and many had expected that growth to continue with a […]

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