Market Watch 666 For 07February 2021
January’s jobs report; December’s trade deficit, construction spending, and factory inventories
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In addition, the Fed released the Consumer Credit Report for January, which showed that overall consumer credit, a measure of non-real estate debt, expanded by a seasonally adjusted $9.7 billion, or at a 2.8% annual rate, as non-revolving credit expanded at a 3.9% annual rate to $3,208.3 billion and revolving credit outstanding contracted at a 11.2% rate to $975.9 billion, now the lowest since April 2017..
The week’s privately issued reports included the ADP Employment Report for January, the light vehicle sales report for January from Wards Automotive, which estimated that vehicles sold at a 16.63 million annual rate in January, up from the 16.27 million annual sales rate reported in December, but down from the 16.84 million annual rate of January a