Week in Review
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Started by TimNew - Jan. 16, 2021, 8:32 a.m.

NFIB Small Business   Optimism M/MDec-20101.4095.90C-
Job Openings (JOLTS) MMNov-206.652M6.527MC-
Empite State Mfg M/MJan-214.903.50C
Industrial Production M/MDec-200.401.60C+
Consumer Sentiment M/MJan-2180.7079.20C-
Retail Sales M/MDec-20-1.10-0.70C-
RedBook W/W1/9/20215.502.10C
Jobless Claims W/W1/9/2021787K965KD

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.

By metmike - Jan. 16, 2021, 1:06 p.m.
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Thanks again Tim!

Hopefully, COVID will be peaking in the next month or so.

Preview threads by Tim on this:

I'll update it later.