Succinct Summations for the week ending May 14th, 2021
Positives:
1. “If you are fully vaccinated, you can start doing the things that you had stopped doing because of the pandemic.”
2. Home mortgage apps rose 1.0% w/o/w, above previous decrease.
3. Job Openings rose 597k in March from 7.526M to 8.123M.
4. CPI rose 0.8% m/o/m, above previous increase.
5. Business inventories rose 0.3% m/o/m.
6. Jobless claims fell 34k w/o/w from 507k to 473k.
Negatives:
1. Year over year CPI came in at a very hot 4.6%;
2. PPI-FD rose 0.6% m/o/m, below previous increase.
3. Retail sales remained unchanged for April, down from March’s 9.8%.
4. Industrial production rose 0.7% in April, below expectations.
5. Consumer sentiment came in at 82.8 for May, below expectations.
Thanks, Matt.
Volatility Is Dramatically Lower in 2021 than it was in 2020
Source: YCharts
