Atlanta, GA Market Update - September 10, 2010

Once again, economic optimism has driven stocks higher this morning.  This rally comes after the Wholesale Inventories report improves the most in two years. 

According to the Commerce Department, wholesale inventories jumped 1.6% in July.  This is much better than the 0.4% increase that had been expected.  Treasuries and mortgage bonds are once again suffering for the sixth out of the last seen trading days.  

St. Louis Federal Reserve Bank President, James "Raging" Bullard stated that he sees a slowdown in the economy for the second half of this year.  He does though predict a pickup in 2011. He added that the Unemployment Rate will likely fall next year.  Once that happens, business spending should start to rebound. These comments are another reason for the added pressure in the bond market.  

According to revised numbers released today by the US Census Bureau, Atlanta had the 8th largest population increase from 2000-2009.  The city saw an increase of 122,099 during this nine year period.