Below is the weekly summary, the main positives being 300 million vaccine doses and unemployment falling, the main negative that payrolls rose less than expected. The bonus this Sunday night is a very intriguing 10-second animation that illustrates the entire progression of COVID from Day One until June 1. Hope everyone enjoyed this very pleasant weekend. More heat and humidity coming tomorrow.
Succinct Summation of Week’s Events for 6.4.21
Succinct Summations for the week ending June 4th, 2021
Positives:
1. 300 million vaccine doses in USA, >2 billion worldwide.
2. Unemployment rate fell to 5.8% in May from 6.1%.
3. Jobless claims fell 20k w/o/w from 405k to 385k.
4. PMI Manufacturing came in at 62.1 in May, above expectations.
5. ISM Manufacturing came in at 61.2 in May, above expectations.
6. PMI Composite came in at 68.7 in May, above expectations.
Negatives:
1. Shockingly, a new insurrection is scheduled for August.
2. Non-farm payrolls rose 559k m/o/m, below expectations.
3. Home mortgage apps fell 3.0% w/o/w.
4. Factory orders fell 0.6% m/o/m
5. Corporate layoffs came in at 24,586 in May
6. Construction spending rose 0.2% m/o/m.
No comments:
Post a Comment