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NAR: Pending Home Sales Decrease 1.5% in October; Down 8.5% Year-over-year; Lowest Number of Record

Calculated Risk

in October, the lowest number since the index was originated in 2001. An index of 100 is equal to the level of contract activity in 2001. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – dropped 1.5% Year over year, pending transactions declined 8.5%.

Numbers 64
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: Nasdaq logs best January since 2001 as stocks climb to cap off stellar month

MarketWatch

stocks finished in the green on Tuesday as the Nasdaq cemented its best January performance since 2001 amid a broad-based rally in equities that saw some of 2022’s worst performers take the lead. year-over-year, a headline number that was larger than economists’ expectations. The S&P 500 SPX gained 58.83

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Changes in Global Wealth 2021

The Big Picture

The actual data had some very interesting highlights, including some ginormous numbers: -Global Wealth: $463.6 Annual average gains: +6.6% (Avg 2001-2021). Much of the media focused on a silly number – a forecast of the number of global millionaires by 2026 at >87 million from 62 million in 2021 – a gain of ~40%.

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How Many Months After Industrial Production Peaks Before a Recession Hits?

Mish Talk

The two main exceptions are 2001 and 2020 where IP was in a long slowdown before recession hit. The current numbers by themselves do not indicate much of anything but they are one of the items the NBER will use in arrears to determine if a recession has started. Twice the lead time was a month and twice it was two months.

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5 Unusual Economic Indicators That Can Tell You About the Economy

Trade Brains

Lipstick Indicator Index The Lipstick indicator was coined by Leonard Laude, one of the billionaire heirs and chairman of the Estée Lauder cosmetics fortune, in the 2001 recession. Back in the autumn of 2001, he noticed that when the US economy was struggling due to the recession, lipstick sales were actually going up instead of down.

Economy 64
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Saturday links: pressure changes

Abnormal Returns

theconversation.com) The number of solar power sites using sheep to graze the grass are on the rise. nytimes.com) Total forest loss since 2001 by country. (theverge.com) Energy We need a bigger, better grid. nytimes.com) Why not scale up geothermal energy? grist.org) Colorado is looking to turn the grid off to prevent wildfires.

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At the Money: How To Know When The Fed Will Cut

The Big Picture

And there’s a fair number of people who say 70%, two thirds of the stock market without any risk at all, market risk that is – sign me up for that. It’s a number that’s put out every Thursday for the previous week. That is, over the last 50 years, an extraordinarily low number. It’s a state program.

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