Succinct Summation of Week’s Events for 1.29.21 (plus Capitol Riot Arrests)

Below is the usual weekly summation, the main positive this week being that 27 million doses of vaccine have been given with a daily average of 1.2 million, the main negative being the market crashes of Wednesday and Friday, the worst since October. The bonus this weekend is a telling graphic that sums up in one eyeshot the overall national participation in the riot of January 6th. Of course, these are just the 116 arrests to date and there will be likely many more coming. But there is some consolation that so few people from each state were involved and that it even took an assemblage from most of the 50 states to put together that mob of one thousand. Hope everyone had a great weekend.  

Succinct Summation of Week’s Events for 1.29.21

January 29, 2021 7:00pm by Barry Ritholtz

Succinct Summations for the week ending January 29th, 2021

Positives:

1. 27.3 million shots vaccinations have been given in the USA, daily average up to 1.26 million doses, according to the CDC.
2. Jobless claims fell 67k w/o/w from 914k to 847k.
3. US Trade in goods deficit narrowed from $-85.5B to $-82.5B in December.
4. Personal income rose 0.6% m/o/m, above expectations.
5. Case-Shiller Home Price Index rose 1.4% m/o/m, above expectations.
6. Retail inventories rose 1.0% m/o/m, above the previous increase of 0.8%.

Negatives:

1. Worst market day and week since October 2020
2. Home mortgage apps fell 4.0% w/o/w.
3. GDP growth fell to an annual rate of 4.0% in Q4.
4. Durable goods orders rose 0.2%, below expected increase.
5. Wholesale inventories rose 0.1% m/o/m, below expected increase.
6. FHFA House Price Index rose 1.0% m/o/m, below previous increase.