Week in Review
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Started by TimNew - Jan. 29, 2022, 5:22 a.m.

DatePriorCurrentRating
Chicago Fed Natl Activity_M/MDec-210.37-0.15C-
Richmond Fed Mfg_M/MJan-2216.008.00C
Kansas City Fed Mfg_M/MJan-2224.0024.00C
Durable Goods_M/MDec-212.50-0.90C-
Case-Shiller HPI_M/MNov-210.901.20C+
FHFA HPI_M/MNov-211.101.10C
New Home Sales_M/MJan-21744K811KC+
Pending Home Sales_M/MDec-21-2.2-3.8C-
State Street Investors   Confidence_M/MJan-2285.6089.30C+
Consumer Confidence_M/MJan-22115.80113.80C-
Consumer Sentiment_M/MJan-2268.8067.20C-
RedBook_W/W1/22/202215.2015.60C+
Jobless Claims_W/W1/22/2022286K260KC+
GDP_Q/QQ4:212.306.90C+
Personal IncomeDec-210.400.30C
Personal SpendingDec-210.60-0.60C-


Durable Goods took another 180 this month,  but that's getting to be typical in what has been an unstable metric for the last several months..

Mfg, with the exception of KC Fed appears to be moderating with Chicago hitting negative for the 1st time in several months.

Consumers continue to lose confidence, yet Investors seem to be cheering up. And while Personal income continues what has been a fairly steady climb,  spending was off for Dec as earlier Retail Reports indicated.

Housing is starting to look a little more healthy. Prices are continuing a sharp climb of somewhere in the neighborhood of 18% per annum.  New Home Sales had a healthy jump while Perding took a hit. Inflation is obviously outpacing any gains in income.

Jobless Claims came down to the 260 level, an historically low number.

The first estimated GDP for Q4:21 came out at a very impressive 6.9.  But as we've seen, ATL Fed had been downgrading  their forecasted number since the high in December of somewhere over 9.  I fully expect further downward revisions.    Atl Fed is now forcasting Q1:22 at .1.   But we're early in the qtr. You can be sure there will be changes.   Slide 1 (atlantafed.org)

I'll go with a C this week.   Normally, a GDP in that range would skew the grade a bit higher,  but that 6.9% comes with a caveat and several underlying factors remain questionable to alarming.


Comments
By metmike - Jan. 29, 2022, 10:28 p.m.
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Thanks Much Tim!!


By metmike - Jan. 29, 2022, 10:29 p.m.
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                Week in review compilation 2020/21/22      From Tim      

                            Started by metmike - April 24, 2021, 6:42 p.m.            

                                        

https://www.marketforum.com/forum/topic/68446/