Better late than never. Enjoying my vacation :-)
Not much bad news this week.
RedBook still showing soft though I expect Retail Sales in the coming week will show a diferent story.
Construction Spending still showing slight contraction.
MFG is showing strength in Factory Orders and ISM hitting a significant Pandemic high.
Service Industry is on fire, based on the ISM reading of 58.1, the highest reading in a few years.
The Employment Situation was as disappointing as it can be, if you can call 1.8 million new jobs a disappointment. It does pale in comparison to recent readings but I am very encouraged by the 250k drop in Jobless Claims. Still high at 1119K but heading in the right direction. I hope we see a continuation.
A solid C+ this week with the suck factor lowerd to 7.5 based on Jobless Claims.
Where did you go for vacation?