Week in Review
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Started by TimNew - June 3, 2022, 11:18 a.m.

DatePriorCurrentRating
Case Shiller HPI_Y/YMar-2220.6020.00C
FHFA HPI_Y/YMar-2219.0019.60C
Construction Spending_M/MApr-220.100.20C+
Chicago PMI_M/MMay-2260.3056.40C
PMI Mfg_M/MMay-2257..557.00C
PMI Svc_M/MMay-2255.6053.40C
ISM Mfg_M/MMay-2255.4055.60C+
ISM Svc_M/MMay-2257.1055.90C
Factory Orders_M/MApr-222.200.30C
Consumer Confidence_M/MMay-22106.40108.60C+
Job Openings (JOLTS)_M/MApr-2211.549M11.400MC
Jobless Claims_W/W5/28/2022210K200KC+
Employment Situation_M/MMay-22428K390KC


No bad news this week.  Moderation appears the key word.

Housing Prices continue to soar.     I wonder for how much longer?

Construction Spending came up a tic.

The PMI and ISM reports remain in growth mode, but far below the upper 50's, low 60's we've been seeing for over a year. Chicago PMI came in under 60.    Decent readings all, but well below  recent history.

Factory Orders remained positive, but showed a significant drop.

Consumer Confidence actually looks reasonable, contrary to last weeks Consumer Sentiment.

Jobless Claims dropped 10k and remain off the radar  at this range.

Job Opening remain in the stratosphere. Voluntary Quits at about 4.5 million.  Is this becoming the new normal?   It doesn't look anything like it did not so long ago.

Employment Situation was respectable at 390K and the participation rate was up a tic, tho not yet reaching pre-pandemic levels.

 Can't go with better than a C.   I am not getting a "warm  fuzzy" from these metrics.



Comments
By metmike - June 3, 2022, 1:07 p.m.
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Thanks very much Tim!