It's Day #8 with my arm in a sling so I'm running behind again.  Imagine breaking your arm but being forced to live with it until it heals on its own, without it being set or in a cast.  That's what a hematoma is like except that thankfully the healing is two weeks instead of two months.  I still lack function in my left arm and any use of it at all is very painful, but fortunately no longer excruciating as it was up until a couple days ago.  I should have full use by next week.  I'd better have because classes start two weeks from tonight and I presently can not drive or take notes.  Routine essential tasks like bathing and eating remain extremely difficult.  What a challenge it was just to open a can of soup tonight!


But the pain is gradually subsiding and I did make it a point to capture the week's succinct summary last Friday before it went away.  In a sentence, the market remains in pause mode pending more Q4 results and the first days of the new administration.  Hoping for much better news next week.

Succinct Summation of Week’s Events 1.13.17

January 13, 2017 4:30pm by Barry Ritholtz

Succinct Summations for the week ending January 13th, 2017.

Positives:

1. NASDAQ 100 hit an all-time high.
2. MBA mortgage application index rose 5.8% w/o/w.
3. Import prices rose 0.4% m/o/m and 1.8% y/o/y. Inflation is starting to show signs of life.
4. Initial jobless claims remains low, coming in at 247k and the 4-week moving average at 256.50k.
5. Producer prices rose 0.4% m/o/m.
6. NFIB small business optimism index rose to 105.8, the highest reading since December 2004.
7. Consumer sentiment came in at a strong 98.1.

Negatives:

1. Retail sales rose 0.6% m/o/m, below expectations; Core sales grew 3.3% y/o/y  below the 5 year average of 3.7%.
2. Gasoline prices rose 7.8% m/o/m.
3. Retail sales ex-auto rose just 0.2%.
4. Business inventories rose 0.7% m/o/m.