They say that August is a lazy month, and so who are we to argue? The Capital Spectator is taking a brief holiday for the rest of the week. We’ll be back on Monday, August 19 with the usual fare. Cheers!
Daily Archives: August 14, 2013
US Housing Starts: July 2013 Preview
Housing starts are expected to total 882,000 in Friday’s update for July, based on The Capital Spectator’s average econometric forecast (seasonally adjusted annual rate). The projection represents a moderate increase vs. the previously reported 836,000 for June. Meanwhile, The Capital Spectator’s average expected gain for July is slightly lower vs. several consensus forecasts drawn from surveys of economists.
Thinking About Investing When Interest Rates Are Rising
The benchmark 10-year Treasury Note yield is near a one-year high. The upward bias of late is a reminder, albeit a mild one at the moment, that the long-anticipated run of higher interest rates has arrived. All the usual caveats apply, but we’ve probably seen the bottom in rates. This isn’t the end of the world, but it’s the start of a new era.
US Industrial Production: July 2013 Preview
Tomorrow’s report on industrial production for July is projected to post a 0.2% gain vs. the previous month, based on The Capital Spectator’s average econometric forecast. The expected increase is slightly below the previously reported rise of 0.3% for June. Meanwhile, the Capital Spectator’s average projection for July is at the low end of expectations relative to three consensus forecasts based on surveys of economists.