| Date | Prior | Current | Rating | |
| PMI Mfg_M/M | Oct-21 | 59.20 | 58.40 | C |
| PMI Svc_M/M | Oct-21 | 58.20 | 58.70 | C |
| ISM Mfg M/M | Oct-21 | 61.10 | 60.80 | C |
| ISM Svc_M/M | Oct-21 | 61.90 | 66.70 | B- |
| Construction Spending_M/M | Sep-21 | 0.00 | -0.50 | C- |
| Factory Orders_M/M | Sep-21 | 1.20 | 0.20 | C |
| Employment Situation_M/M | Oct-21 | 194K | 531K | B- |
| Redbook_W/W | 10/30/2021 | 15.60 | 15.70 | C |
| Jobless Claims_W/W | 10/30/2021 | 281K | 269K | C+ |
Not a lot of data this week, but what we have is pretty good.
Construction spending took a hit. Residential is such a strange market these days.
Factory Orders moderated, but remain positive.
Jobless Claims continue to drop as employers are reluctant to let anyone go in this environment.
PMI and ISM show a slight moderation in MFG, but ISM is showing Services, the largest share of the economy, as booming across the board.
The obvious headline this week is the extremely bullish Employment Situation with a robust 531K. Not only that, the previous was revised up to 312. We added 60K Mfg jobs and once again, Private Sector added 604K indicating further contraction in Public Sector Employment. Yes, CHristmas is approaching. I'll try to do a deeper dive into the numbers, but can't see this as anything but very bullish.
Yes, GDP has moderated significantly, but with the weight of the ISM Services and Employment, the week deserves a B-. We'll see how all this pans out, but for today, at least, we'll likely see a nice bump in equities.