Nothing of consequence left for the day..
|PMI Mfg M/M||Oct-20||53.10||53.40||C|
|PMI Composite M/M||Oct-20||54.30||56.90||C+|
|ISM Mfg M/M||Oct-20||55.40||59.30||B-|
|ISM Svc M/M||Oct-20||57.80||56.60||C|
|Factory Orders M/M||Sep-20||0.70||1.10||C+|
|Construction Spending M/M||Sep-20||1.40||0.30||C|
|Jobless Claims W/W||11/5/2020||751K||751K||C|
|Employment Situation M/M||Oct-20||661K||638K||C+|
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.
Thanks much Tim.
Who could have thunk we might be up here 6 months ago!
Week in Review compilation Mar-November 2020
Started by metmike - Nov. 6, 2020, 12:53 p.m.