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Succinct Summation of Week’s Events 1.15.21

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Succinct Summation of Week’s Events 1.15.21

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Succinct Summations for the week ending January 15th, 2021

Positives:

1. This Presidency is in its final days; I welcome a return to boring
2. Home mortgage apps rose 8.0% w/o/w.
3. Home refinance apps rose 20.0% w/o/w.
4. CPI rose 0.4% w/o/w.
5. Import prices rose 0.9% and export prices rose 1.1% w/o/w, above expectations.
6. Business inventories rose 0.5% m/o/m, above expectations.
7. Industrial production rose 1.6% m/o/m, above expectations.

Negatives:

1. We continue to learn a) how close we came to serious bloodshed in the Capitol; and b) that this might have have insiders as co-conspirators.
2. A free and open Democracy cannot continue when 20-30% of its population believe in nonsense spouted by fringe groups, conspiracy sites, Facebook, and Fox News.
3. Job openings came in at 6.527M in December, below the previous 6.632M.
4. Jobless claims increased 181k w/o/w from 784k to 965k.
5. Retail sales fell 0.7% m/o/m, below expectations.
6. PPI-FD rose 0.3% in December, below expectations.
7. Consumer sentiment is at 79.2 for January, below expectations.

Thanks, Matt!

 

 

YTD, the Small Cap Russell 2000 is up 9% vs a flat P500 & Nasdaq100
Succinct Summation of Week’s Events 1.15.21 1
Source: YCharts

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