Week in Review
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Started by TimNew - July 30, 2021, 1:11 p.m.

New Home Sales _ M/MJun-21769K676KC-
Pending Home Sales _ M/MJun-218.00-1.90C-
Case-Shiller HPI _ M/MMay-211.601.80C+
FHFA HPI _ M/MMay-211.801.70C
Dallas Fed Mfg _ M/MJul-2131.1027.30C
Richmond Fed Mfg _ M/MJul-2122.0027.00C+
Chicago PMI _ M/MJul-2166.1073.40B-
Durable Goods _ M/MJun-212.300.80C
GDP _ Q/QQ26.406.50C
State Street Investors   Confidence _ M/MJul-2196.30100.60C+
Consumer Confidence _ M/MJul-21127.30129.10C+
Consumer Sentiment _ M/MJul-2180.8081.20C
RedBook _ W/W7/24/202115.0016.00C+
Jobless Claims _ W/W7/24/2021419K400KC+
Personal Income _ M/MJun-21-2.000.10C+
Personal Spending _ M/MJun-210.001.00C+

A pretty good week.

Home Sales took it on the chin.  You can be certain it's not a demand issue.  Inventory continues to plague this industry as prices are now growing somewhere around 17% +/- per year.

Jobless Claims dropped to a still too high level of 400K,  but a move back in the right direction.

Personal Income and SPending moved into positive territory.

RedBook remains very strong.

Consumers came back slightly and Investors are very positive.  

Mfg remains very positive with CHicago PMI coming in at 73.4!!

1st estimate for Q2 GDP came in with another very respectable 6.5.   We're continuing to open up.  Just need to start filling jobs quicker.

My eyes are focused on next weeks Employment Situation. An always critical report with a little more importance now.

A solid C+ this week.


By metmike - July 30, 2021, 2:45 p.m.
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Thanks Tim!

Any thoughts on if COVID cases might affect people's frame of mind and the economy again?

By metmike - July 30, 2021, 2:52 p.m.
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                Week in review compilation 2020/21            



Thank you Tim for generously contributing these wonderful reports. I counted 54 of them in 2020/21, 23 so far this year! That's a lot of work.........but a labor of love I'm sure, knowing you. I will be putting a thread with all these reports in the forum Library so that we can refer back to see how our economy progressed during this historic pandemic. 


By TimNew - July 30, 2021, 8:07 p.m.
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Consumer Confidence/Sentiment/Spending is creeping up.   Can't say more than that.