Succinct Summation of Week’s Events for 4.30.21 (plus AAII Upcoming Webinars)

Below is the weekly summation, the main positives being 1.1 billion vax doses globally and GDP rising 6.4% in Q1, about 50% higher than the previous increase, personal income rising 21% vs the previous 7% decline and consumer confidence rising.  The big negative remains the continuing rise of vaccine hesitancy, giving rise to fears that herd immunity may not be possible. The bonus this Sunday night is a convenient AAII email outlining the upcoming webinars for May 12, 19, and 26.  Hope everyone had a great weekend.  

Succinct Summation of Week’s Events for 4.30.21

April 30, 2021 5:30pm by Barry Ritholtz

Succinct Summations for the week ending April 30th, 2021

Positives:

1. Over 1.1 billion vaxx doses given in 174 countries, about 20 million/day.
2. GDP rose 6.4% in Q1, above previous 4.3% increase.
3. Jobless claims fell 13k w/o/w from 566k to 553k.
4. Personal income rose 21.1% m/o/m, above previous 7.0% decrease.
5. Pending home sales rose 1.9% m/o/m, above previous 11.5% decrease.
6. Consumer confidence came in at 121.7 in April, above expectations.

Negatives:

1. US vaccination rate drops below 3m/day due to vaccine hesitancy.
2. Home mortgage apps fell 5.0% w/o/w, below the previous increase.
3. Durable goods orders rose 0.5% m/o/m, below expectations.
4. Retail inventories fell 1.4% m/o/m, below previous 0.1% increase.
5. FHFA House Price Index rose 0.9%, below previous 1.0% increase.
6. Richmond Fed Mfg Index came in at 17 for April, below expectations.

This Month’s Upcoming Webinars   Join your fellow AAII members and register for these free events by clicking on the links below. Next Digital Event   Wednesday, May 12, 2021 7:30 PM CDT The Individual Investor Show: How Famous Investors Think, Members’ Investing Mistakes and Setting Your Investing Preferences Hosted by Ryan Reeh   What are the secrets of well-known successful investors? In the first segment of this episode of The Individual Investor Show, we get insights into how the world’s greatest investors think with William Green, author of “Richer, Wiser, Happier” (Scribner, 2021). Next, we look at the responses from our latest Big Question survey, which asked AAII members what they learned from the investing mistakes they’ve made. Finally, we discuss the factors influencing your investing management preferences and matching these with the type of investor you are as part of The Individual Investor Wealth-Building Process. Questions and comments submitted during this show will be reviewed and may appear in an upcoming episode of The Individual Investor Show.   Watch this episode and learn: How to think like the world’s greatest investors AAII members’ takeaways from their investing mistakes About the eight factors influencing your investing management preferences   For More Details and to Register »     Wednesday, May 19, 2021 7:30 PM CDT LIVE: Comparing and Contrasting the AAII Model Portfolios Presented by Wayne A. Thorp   For More Details and to Register »     Wednesday, May 26, 2021 7:30 PM CDT The Individual Investor Show: Leisure Stocks Showing Life, How to Screen for Dividend Stocks and Privacy Settings for AAII Clubs Hosted by Ryan Reeh   For More Details and to Register »