Succinct Summation of Week’s Events for 4.23.21

Succinct Summation of Week's Events for 4.23.21

Succinct Summations for the week ending April 23rd, 2021


1. Over 200 million vaccinations in the USA; approaching 1 billion jabs worldwide.
2. Jobless claims fell 39k w/o/w from 586k to 547k.
3. Index of leading economic indicators ros 1.3% m/o/m, above expectations.
4. New home sales came in at an annual rate of 1.021M, above expectations.
5. Home mortgage apps rose 6.0% w/o/w, above the previous decrease of 1.0%.
6. Chicago Fed National Activity index came in at 1.71 in March, below expectations.


1. Capital Gains Tax at a proposed at 43% ?
2. Existing home sales came in at an annual rate of 6.010M in March, below expectations.
3. Vaccine hesitancy growing issue in USA as vax jabs fall from >4m/day to <2m/day
4. India is a Covid disaster: 300k+ new infections per day, hospitals running out of O2 for patients.

Thanks, Matt.


Rotation from WFH to Economic Recovery Dates Back to February

Source: YCharts


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