Succinct Summation of Week’s Events 2.19.21

February 19, 2021 5:30pm by Barry Ritholtz

Succinct Summations for the week ending February 19th, 2021

Positives:

1. More good news on Vaccines + Vaccinations, falling infections + hosptilizations.
2. Housing market index is at 84 for February, above expectations.
3. Retail sales rose 5.3% m/o/m, above expectations.
4. Existing home sales came in at an annual rate of 6.690M for January above expectations.
5. Business inventories rose 0.6% m/o/m, above previous increase of 0.5%.
6. PMI Composite is at 58.8 for February, above expectations.

Negatives:

1. Signs of speculative excesses are increasing as all markets rally.
2. Jobless claims rose 13k w/o/w from 848k to 861k, above expectations.
3. Home mortgage apps fell 6.0% w/o/w, below the previous increase of 5.0%.
4. Housing starts came in at an annual rate of 1.580M in January, below expectations.
5. Industrial productions rose 0.9% m/o/m, below the previous increase of 1.3%.
6. E-Commerce retail sales fell 1.2%, below the previous decrease of 1.0%.

Thanks, Matt.

Bitcoin is up 189% over 3 months

Source: YCharts

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/

twitter

facebook

Posted Under

America’s CEOs Are Having a Good Year

10 Weekend Reads

Posted Under

Sign Up for My Newsletter