|NFIB Small Business Optimism M/M||Dec-20||101.40||95.90||C-|
|Job Openings (JOLTS) MM||Nov-20||6.652M||6.527M||C-|
|Empite State Mfg M/M||Jan-21||4.90||3.50||C|
|Industrial Production M/M||Dec-20||0.40||1.60||C+|
|Consumer Sentiment M/M||Jan-21||80.70||79.20||C-|
|Retail Sales M/M||Dec-20||-1.10||-0.70||C-|
|Jobless Claims W/W||1/9/2021||787K||965K||D|
Lite week for data, but enough to justofy the effort.
Jobless Claims jumped to nearly 1 million to nearly confirm a bad trend, while Job Openings retreated.
Couple that with a reduction in Retail Sales in December and we are looking at an economy in apparent contraction.
Small Business also had a significant drop in optimism and Consumers are not too happy either.
MFG still looks good with Industrial Production showing another gain. Capacity Utilization went from 73.3 to 74.5. I can't see that trend continuing unless we see improvement in other areas.
Can't go better than a C- this week, and that may be generous, but as stated, this is a lite week data wise.
Job numbers bump the suck factor up to 8.5.