Data from the Bureau of Economic Analysis (BEA), shows that total light (cars and light truck/SUVs), vehicle sales in August were at a seasonally adjusted annual rate, (SAAR) of 16.463 million (M), units, down 64,000 units or 3.7% from July.

On a three month moving average, (3MMA) basis, total housing starts were reported at a seasonally adjusted (SA), annual rate of 1,165,000 for the month of September, up by 20,000, 1.8% year on year, (y/y).

Total consumer credit increased by $13.10 billion, (B) in August, well off analysts’ expectations of $16B. Non-revolving credit moved-up by $7.3B, while revolving credit advanced by $5.8B. Consumer credit increased at a seasonally adjusted annual rate (SAAR), of 4.2%.

For the first time in nearly seven years the U.S. economy lost jobs as the latest jobs report from the Bureau of Labor Statistics (BLS) reported that the economy shed 33,000 jobs in September.

After a rapid rise between 2014 and 2016, the Broad Index, has fallen month on month, (m/m) for the eight month in a row. On a three moving average, (3MMA) y/y comparison, the dollar has fallen for seven consecutive months.

The September BDI three month moving average jumped 17.3% month on month (m/m) and surged 54.5% on a year on year, (y/y) comparison. The BDI has averaged 1,022 over the past 12 months, ranging from a low of 759 to a high of 1,364. The highest level of 1,364 was this month’s reading