How is the US doing?, page-7

• The housing prices index come in flat in September, vs. expectations of a 0.5% rise
• Consumer confidence fall to 88.7 points from 94 the previous month. This was a huge miss to expectations
• Mortgage applications fall 4.3% for the week
• Initial jobless claims rose to 313,000 overnight – much worse than expected
• Personal income growth came in at only 0.2%, below expectations
• Pending home sales fell 1.1% for the month of October
Finally, and perhaps most importantly, we saw another incredibly disappointing result for Durable Goods orders ex transportation, which fell 0.9% in October, versus expectations of a 0.5% rise