Week in Review
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Started by TimNew - Nov. 6, 2020, 9:13 a.m.

Nothing of consequence left for the day..

PMI Mfg M/MOct-2053.1053.40C
PMI Composite M/MOct-2054.3056.90C+
ISM Mfg M/MOct-2055.4059.30B-
ISM Svc M/MOct-2057.8056.60C
Factory Orders M/MSep-200.701.10C+
Construction Spending M/MSep-201.400.30C
Redbook W/W11/3/20201.203.20C+
Jobless Claims W/W11/5/2020751K751KC
Employment Situation M/MOct-20661K638KC+

Not a bad week.

Jobless Claims held steady at "too high" but better than we've seen.  Prior was revised up to 758. Upward revisions have become pretty regular.  Nothing I would consider huge,  but consistent.

Construction spending moderated a bit but remains positive.

Redbook moved into solid territory for the week.

Services and Manufacturing remain in Solidly positive territory with ISM Mfg remaining at a recovery level of 59.3

Employment Situation was very good for October @ a net gain of 638K.  Of interest, Private Sector was up 906K. U3 dropped below 7,  participation rate is up a few tics and hourly earnings continue to climb. A very bullish report... as if anything could cause the equity market to go up after the crazee week we had.

A solid C+ for the week.  Suck factor ermains at 6.5 with the jobless claims nearly twice accceptable.

By metmike - Nov. 6, 2020, 10:17 a.m.
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Thanks much Tim.

Who could have thunk we might be up here 6 months ago!

By metmike - Nov. 6, 2020, 12:55 p.m.
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                Week in Review compilation Mar-November 2020            

                            Started by metmike - Nov. 6, 2020, 12:53 p.m.       


By TimNew - Nov. 6, 2020, 12:57 p.m.
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It's been a journey, and it ain't over.

Thanks for the list.  Thats a lotta reports.