{"id":50781,"date":"2017-08-28T09:50:15","date_gmt":"2017-08-28T13:50:15","guid":{"rendered":"http:\/\/thedisciplinedinvestor.com\/blog\/?p=50781"},"modified":"2017-08-28T09:50:15","modified_gmt":"2017-08-28T13:50:15","slug":"this-week-looking-back-and-ahead-3","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2017\/08\/28\/this-week-looking-back-and-ahead-3\/","title":{"rendered":"This Week: Looking Back and Ahead"},"content":{"rendered":"

The housing market is beginning to show signs of slowing. Low inventory and high prices are taking a toll on existing home sales. According to the National Association of Realtors, existing home sales declined 1.3% in July, showing a second straight monthly of decline.<\/p>\n

In the past 12 months, the number of existing homes on the market has shrunk 9.0%, while the median sale price has risen 6.2% to $258,300. While resales were up 2.1% year-over-year, the seasonally adjusted annual sales rate reached a 2017 low in July. Census Bureau data showed new home sales falling 9.4% last month.<\/p>\n

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<\/i> Listen in for more detailed discussions<\/span><\/a><\/div>\n
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On the NYMEX, unleaded gasoline gained 2.6% last week, with prices briefly reaching a 5-month peak. Even as oncoming Hurricane Harvey posed a threat to Gulf Coast oil output, crude lost 1.6% last week to settle at $47.87 Friday. Gas prices are surging as the aftermath of the floods in Texas are showing to be greater than expected.<\/p>\n

Durable goods orders retreated 6.8% for July; the decrease was 7.8% with defense orders factored out. However, core orders (which do not include transportation equipment purchases) were up 0.5% last month.<\/p>\n

August could end up being a down month for the S&P 500, but the index was up for the week. It rose 0.72% in five days to 2,443.05. The Dow and Nasdaq also advanced last week: the blue chips added 0.64% to close at 21,813.67 Friday, and Wall Street\u2019s top tech benchmark gained 0.79% to 6,265.64.<\/p>\n

Key reports this week<\/strong>:<\/p>\n

On Monday<\/strong> there is not much to report.<\/p>\n

Tuesday,<\/strong> the latest Conference Board consumer confidence index appears, along with the June S&P\/Case-Shiller home price index and earnings from Bank of Montreal, Best Buy, and H&R Block.<\/p>\n

On Wednesday<\/strong>, Wall Street scrutinizes ADP\u2019s August payroll report, the second estimate of Q2 GDP, and earnings news from Analog Devices, Bob Evans Farms, Chico\u2019s FAS, Five Below, and Shoe Carnival.<\/p>\n

Thursday<\/strong> sees the release of July personal spending data, the Federal Reserve\u2019s July PCE price index, the August Challenger job-cut report, the NAR\u2019s July pending home sales index, new initial claims numbers, and earnings from Campbell Soup, Dollar General, Land\u2019s End, and Lululemon Athletica.<\/p>\n

Friday<\/strong>, the Department of Labor\u2019s August jobs report, the final August University of Michigan consumer sentiment index, and the August ISM factory PMI.<\/p>\n","protected":false},"excerpt":{"rendered":"

The housing market is beginning to show signs of slowing. Low inventory and high prices are taking a toll on existing home sales. According to the National Association of Realtors, existing home sales declined 1.3% in July, showing a second straight monthly of decline. In the past 12 months, the number of existing homes on […]<\/p>\n","protected":false},"author":1,"featured_media":50736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[510],"tags":[],"class_list":["post-50781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogandupdates","et-has-post-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/50781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=50781"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/50781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media\/50736"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=50781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=50781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=50781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}