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April 30, 2021 5:30pm by Barry Ritholtz
Succinct Summations for the week ending April 30th, 2021
Positives:
2. GDP rose 6.4% in Q1, above previous 4.3% increase.
3. Jobless claims fell 13k w/o/w from 566k to 553k.
4. Personal income rose 21.1% m/o/m, above previous 7.0% decrease.
5. Pending home sales rose 1.9% m/o/m, above previous 11.5% decrease.
6. Consumer confidence came in at 121.7 in April, above expectations.
Negatives:
2. Home mortgage apps fell 5.0% w/o/w, below the previous increase.
3. Durable goods orders rose 0.5% m/o/m, below expectations.
4. Retail inventories fell 1.4% m/o/m, below previous 0.1% increase.
5. FHFA House Price Index rose 0.9%, below previous 1.0% increase.
6. Richmond Fed Mfg Index came in at 17 for April, below expectations.
Coronavirus Economic Weekly News 18April 2021
News posted last week about economic effects related to the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some articles are summarized here. We cover the latest economic data, especially the new coronavirus relief bill and stimulus checks, government funding, the latest employment data, housing market reports, mortgage delinquencies & forbearance, layoffs, lockdowns, and schools, as well as GDP. The bulk of the news is from the U.S., with a few more articles from overseas at the end. (Picture below is morning rush hour in downtown Chicago, 20 March 2020.) News items about epidemiology and other medical news for the virus are reported in a companion article.
Succinct Summations - The Big Picture ritholtz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ritholtz.com Daily Mail and Mail on Sunday newspapers.