Recap 11-21-12


There will be no updates for the remainder of the week. I am currently going over some ideas for next year – keep an eye open for them in the next couple weeks.


  • The EU and IMF failed to come to an agreement on Greece’s debt reduction profile. The main disagreement is getting Greece to 120% of GDP by 2020 (IMF) and not 2022 (EU). Discussions will resume on 11/26. "We are close to an agreement” said Juncker after the meeting.
  • US Jobless Claims dropped to 410k as exp vs 439k prev
  • US Markit PMI improved to 52.4 in Nov vs 51 exp and prev

Upcoming Data:

  • Thu: US Holiday, EU PMI , Canada Retail Sales
  • Fri: German IFO
  • Mon: Chicago Fed
  • Tue: US DGO, Consumer Confidence
  • Wed: US New Home Sales
  • Thu: US Personal Consumption, Jobless Claims, Pending Home Sales, German Unemployment, EU Business Climate Survey
  • Fri: US Personal Income, Spending, Chicago MPI, Italy Unemployment

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