| Date | Prior | Current | Rating | |
| PMI Mfg _ M/M | Jul-21 | 62.10 | 63.40 | C+ |
| PMI Svc _ M/M | Jul-21 | 64.60 | 59.90 | C |
| ISM Mfg _ M/M | Jul-21 | 60.60 | 59.50 | C |
| ISM Svc _ M/M | Jul-21 | 60.10 | 64.10 | C+ |
| Factory Orders _ M/M | Jun-21 | 1.70 | 1.50 | C |
| Construction Spending _ M/M | Jun-21 | -0.30 | 0.10 | C+ |
| Employment Situation _ M/M | Jul-21 | 850K | 943K | C+ |
| Redbook _ W/W | 7/31/2021 | 16.00 | 17.20 | C+ |
| Jobless Claims _ W/W | 7/31/2021 | 400.00 | 385.00 | C+ |
Not a bad week.
PMI reports were slightly mixed but still showing exceptional strength. Mfg remains a bright spot. Services, which make up about 60% of the economy are very solid per ISM. Factory Orders moderated slightly while showing strength.
Construction went back to positive after a brief hiatus.
Redbook remains in solid double digits.
Jobless Claims fell back below 400k, in a slightly too high range. But good to see.
The real headline is a very bullish employment situation. Every aspect of this report was positive. 943K new jobs. Somewhere around 200k were public sector, but still a good number. Avg Hourly pay is up. Mfg added 27K jobs. U3 is down nicely, which normally carries little weight with me, but coupled with an uptick in the participation rate is pretty impressive.
A very solid C+ for the week.
Thanks much Tim!
Still monitoring for potential Delta COVID affects ahead.
Week in review compilation 2020/21
https://www.marketforum.com/forum/topic/68446/
Thank you Tim for generously contributing these wonderful reports.
Up to 55 I think now.
Still monitoring for potential Delta COVID affects ahead.
That has to be a factor. Equities, while performing nearly respectably, are not keeping pace with the funnys.
Very few bad metrics, mostly very positive, reported here and earnings have, for the most part, been stellar.