Note: The NYSE has released new data for margin debt, now available through October. The latest debt level is up 0.3% month-over-month. The October data gives us an additional sense of recent investor behavior.
Five out of the twelve Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. The average of the five for November is 22.2, up from the previous month's 21.2.
With today's release of the September S&P/Case-Shiller Home Price Index, we learned that seasonally adjusted home prices for the benchmark 20-city index were up 0.5% month over month. The seasonally adjusted national index year-over-year change has hovered between 4.2% and 6.2% for the last thirty months. Today's S&P/Case-Shiller National Home Price Index (nominal) reached another new high.
The latest Conference Board Consumer Confidence Index was released this morning based on data collected through November 14. The headline number of 129.5 was an increase from the final reading of 126.2 for October, an upward revision from 125.9, and remains at a 17-year high. Today's number was above the Investing.com consensus of 124.0.
Manufacturing firms reported robust growth in November, according to the latest survey by the Federal Reserve Bank of Richmond. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of trends, now at 20.3 which indicates expansion.
The Federal Housing Finance Agency (FHFA) has released its U.S. House Price Index (HPI) for Q3 and September. U.S. house prices were up 0.3 percent on a seasonally adjusted nominal basis from the previous month. Year-over-year the index is up 6.4% (nonseasonally adjusted). Seasonally adjusted, the index is up 4.53% year-over-year.
It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were down four and nine cents, respectively, from last week. According to GasBuddy.com, Alaska has the highest average price for Regular at $3.21 and San Francisco, CA is the most expensive city, averaging $3.28. Alabama has the cheapest at $2.22. The WTIC end of day spot price closed at 58.11, a 3.0% increase from this time last week.
All eight indexes on our world watch list have posted gains for 2017 through November 27. The top performer thus far is Hong Kong's Hang Seng with a gain of 34.93%, followed by India's BSE SENSEX at 26.81%. In third is Tokyo's Nikkei with 17.69%.
This morning the Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for November. The latest general business activity index came in at 19.4, down from 27.6 in October.
This morning's release of the October New Home Sales from the Census Bureau came in at 685K, up 6.2% month-over-month from a revised 645K in September. Seasonally adjusted estimates back to July were also revised. The Investing.com forecast was for 625K.