Succinct Summations for the week ending April 2nd, 2021
Positives:
1. More than 608 million doses have been administered across 150 countries, including more than 154 million doses in the United States.
2. Non-farm payrolls rose 916k m/o/m, above expectations.
3. Unemployment rate came in at 6.0% for March, below previous 6.2%.
4. ISM Mfg index came in at 64.7 for March, above expectations.
5. Consumer confidence came in at 109.7 for March, above expectations
Negatives:
1. The spectacular rise and fall Archegos Capital Management reveals large pools of unregulated, highly leveraged capital presents a potential systemic risk.
2. Jobless claims rose 61k w/o/w from 658k to 719k.
3. Home mortgage apps fell 2.2% w/o/w, below the previous increase of 3.0%.
4. Pending home sales index fell for 2nd straight month, -10.6% in February.
5. Construction spending fell 0.8% m/o/m, below the previous increase of 1.2%
Thanks, Matt!
The S&P500 Index Gained 7.4% in Q1
Source: YCharts
