Sunday, March 14, 2021

Succinct Summation of Week’s Events 3.12.21 (plus The Drivers of Deforestation)

The weekly summation is below, the main positive this week being 100 million vaccine doses administered (though at 67, I have not yet been able to get an appointment), and the main negative on the other side of the coin being the 535,000+ U.S.  deaths from COVID-19.  Market-wise, the main positive was the falling rate of jobless claims, the main negative the rising bond yields and subsequent inflation fears.  

The bonus this Sunday eve is a very instructive graphic from The Big Picture website showing in an easy eye-full the main contributors to deforestation. As can be seen, beef production is by far the biggest driver.  Vegan, anyone?  Hope all had a great weekend! 


Succinct Summation of Week’s Events 3.12.21

Succinct Summations for the week ending March 12th, 2021

Positives:

1. US has administered ~100 million vaccination doses.
2. Jobless claims fell 42k w/o/w from 754k to 712k, below expectations.
3. Home mortgage apps rose 7.0% w/o/w.
5. Wholesale inventories rose 1.3% in January.
5. Investor movement index came in at 7.55 for February.
6. CPI rose 0.4% m/o/m.

Negatives:

1.  Bond yields continue to rise on fears of inflation and excess stimulus.
2. US covid death toll rises to over 535,000 people.
3. Home refinance apps fell 5.0% w/o/w.
4. NFIB Small Business Optimism Index came in at 95.8 for February, below expectations.
5. PPI-FD rose 0.5% m/o/m.



 

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