Succinct Summation of Week’s Events 3.12.21

March 12, 2021 5:00pm by Barry Ritholtz

Succinct Summations for the week ending March 12th, 2021

Positives:

1. US has administered ~100 million vaccination doses.
2. Jobless claims fell 42k w/o/w from 754k to 712k, below expectations.
3. Home mortgage apps rose 7.0% w/o/w.
5. Wholesale inventories rose 1.3% in January.
5. Investor movement index came in at 7.55 for February.
6. CPI rose 0.4% m/o/m.

Negatives:

1. Bond yields continue to rise on fears of inflation and excess stimulus.
2. US covid death toll rises to over 535,000 people.
3. Home refinance apps fell 5.0% w/o/w.
4. NFIB Small Business Optimism Index came in at 95.8 for February, below expectations.
5. PPI-FD rose 0.5% m/o/m.

Thanks, Matt.

In a Reversal from 2020, YTD 2021 Its Small Cap Leading the Charge

Source: YCharts

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