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Retail Sales Decline

2021-01-16T04:31:45+00:00

      Government stimulus can not come fast enough as the economy continues to weaken. Advanced monthly retail sales declined -.7% vs an expectation of unchanged. Sales ex auto declined -1.4% vs an expected decline of -.2%. The unadjusted value of sales in 2020 increased .6%, the weakest increase in 11 years.   Retail [...]

Retail Sales Decline2021-01-16T04:31:45+00:00

Surge in Jobless Claims

2021-01-14T15:28:41+00:00

It is hard to find any good labor market news. The lack of stimulus money, increased lockdowns and surging COVID-19 cases continue to make getting a job difficult. Weekly initial claims rose 181k to 965k.  The increase was the largest since March.   initial_jobless_claims

Surge in Jobless Claims2021-01-14T15:28:41+00:00

Inflation Remains Tame

2021-01-13T18:00:41+00:00

Consumer prices remains tame. This data gives policy makers little reason to tighten monetary policy. However, asset price inflation (real estate, stock market prices) is an entirely different conversation. cpi

Inflation Remains Tame2021-01-13T18:00:41+00:00

Negative ADP Payroll Print

2021-01-06T15:17:58+00:00

  The labor market's weakness prior to a "third wave" of covid cases is problematic. However, the market seems to view this release as old news and instead is focused on a Democratic Senate and reflation. ADP Payrolls    

Negative ADP Payroll Print2021-01-06T15:17:58+00:00

Home Sales Too?

2020-12-23T16:54:05+00:00

A string of economic releases point to a slow down in the US economy. Today’s disappointments include personal income and spending, consumer sentiment and yes home sales. Initial jobless claims (803k) came in better than expected, but remain elevated. Home Sales

Home Sales Too?2020-12-23T16:54:05+00:00

Good News Bad News

2020-12-17T15:58:09+00:00

The job market continues to show weakness as the pandemic takes its toll on business. Low interest rates spurs a hot real estate market.  Call Redondo Beach's King Harbor to discuss economics and investing. Claims and Starts

Good News Bad News2020-12-17T15:58:09+00:00
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