Succinct Summations of Week’s Events 10.02.15 ( + free options book & other reading)

In addition to the standard weekly summation, this Sunday's bonus is an e-book on options trading that comes from the Rockwell Trading web site. I personally find options to be very mysterious and risky, though those who use them swear by them and insist that, when done correctly, they are actually one of easiest, safest, and most profitable investments out there. I'm hoping this e-book makes them more understandable and happily share it with my readers.

Bonus #2 is this Sunday's Ritholtz reading list.  Of particular interest to me is item 3, "How the Superwealthy Plan to Make Sure Their Kids Stay Superwealthy" and item 5, "The smartest economist you've never heard of."  Hope everyone had a great weekend.  

Succinct Summations of Week’s Events 10.02.15

by Barry Ritholtz - October 2nd, 2015, 4:00pm

Succinct Summations for the week ending October 2nd, 2015

Positives:

1. Motor vehicle sales came in at 18.2mm, well above the 17.6mm expected.
2. Consumer spending rose 0.4%, in line with forecasts.
3. Core inflation rose 0.1%, in line with expectations.
4. Case-Shiller home prices rose 5% y/o/y, slightly above the 4/9% expected rise.
5. ADP employment came in at 200k, above the 186k expected.
6. Markit PMI came in at 53.1, up from 53 previously.

Negatives:

1. Nonfarm payrolls came in at 142k, well below the 200k expected.
2. Pending home sales decreased 1.4%, down from 0.5% previously.
3. Chicago PMI came in at 48.7, below the 54.5 expected.
4. Weekly jobless claims came in at 277k, slightly above the 271k expected.
5. ISM manufacturing came in at 50.2, down from 51.1 and slightly below expectations.
6. Personal income rose 0.3%, below the 0.4% expected and down from 0.5% previously.
7. Average hourly earnings were flat, versus a 0.1% expected rise.
8. Factory orders fell 1.7%, down from 0.2% previously and below expectations.

Bonus #1:
www.tradewins.com/Promo Emails/AHOA/Optioneering Perpetual Money.pdf

Bonus #2:
10 Sunday Reads | The Big Picture

10 Sunday Reads

by Barry Ritholtz - October 4th, 2015, 7:00am

Good Sunday ‘morn. Round out your weekend with our reads:

• Why I Fucking Hate Unicorns and the Culture They Breed (Both Sides of the Table)
• The Volatility Lovers (Barron’s)
• How the Superwealthy Plan to Make Sure Their Kids Stay Superwealthy (Bloomberg) see also Old Money’s 7 Essential Ways to Stay Rich (Bloomberg)
• A Tax to Curb Excessive Trading Could Be a Boon to Returns (NYT)
• The smartest economist you’ve never heard of (Washington Post)
• How Some Investors Get Special Access to Companies (WSJ)
• In America, more preschoolers are shot dead each year – 82 in 2013 – than police officers are in the line of duty – 27 in 2013. (NYT) see also The NRA’s profit soars as deaths from gun massacres mount (Marketwatch)
• The House That Could Save the World: The next generation of ultra-efficient houses will redefine how we fight climate change—and how we live. (Politico)
• Kevin McCarthy’s truthful gaffe on Benghazi (Washington Post) see also Pelosi threatens to end Dem participation in Benghazi probe (The Hill)
• Pluto’s Moon Charon Is a Beautiful Mess (Slate)