Succinct Summation of Week’s Events for 4.30.21

Succinct Summations for the week ending April 30th, 2021

Positives:

1. Over 1.1 billion vaxx doses given in 174 countries, about 20 million/day.
2. GDP rose 6.4% in Q1, above previous 4.3% increase.
3. Jobless claims fell 13k w/o/w from 566k to 553k.
4. Personal income rose 21.1% m/o/m, above previous 7.0% decrease.
5. Pending home sales rose 1.9% m/o/m, above previous 11.5% decrease.
6. Consumer confidence came in at 121.7 in April, above expectations.

Negatives:

1. US vaccination rate drops below 3m/day due to vaccine hesitancy.
2. Home mortgage apps fell 5.0% w/o/w, below the previous increase.
3. Durable goods orders rose 0.5% m/o/m, below expectations.
4. Retail inventories fell 1.4% m/o/m, below previous 0.1% increase.
5. FHFA House Price Index rose 0.9%, below previous 1.0% increase.
6. Richmond Fed Mfg Index came in at 17 for April, below expectations.

Thanks, Matt.

 

Tech Back on Top for April, with Small Caps Right Behind

Source: YCharts

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