The Independent Market Observer

Sam Millette

Sam Millette is a fixed income analyst on the Investment Management and Research team at Commonwealth Financial Network®, member FINRA/SIPC, an independent broker/dealer–RIA. With the firm since June 2015, he analyzes individual municipal bonds, responds to advisor inquiries, provides analytics and research support to the Preferred Portfolio Services® Select SMA municipal bond strategies, and assists with market research and commentary. Sam graduated from Tufts University with a degree in economics. Currently, he is a level 1 candidate for the CFA®.

Recent Posts

Monday Update: Initial Jobless Claims Fall

January 4, 2021

Last week was quiet on the economic update front, with the weekly initial jobless claims report serving as the only major data release. The number of initial unemployment claims fell by more than expected, but the Christmas holiday may have led to some volatility in the reporting. This week will be a busier one for updates, with a look at December’s business confidence and employment reports serving as potential highlights.

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Monday Update: Consumer Recovery Falters

December 28, 2020

Last week’s economic updates largely pointed to a slowing economic recovery as we headed into the end of the year. The evidence includes a drop in personal spending in November, falling consumer confidence, and continued high levels of weekly layoffs. There were some signs for optimism, however, as business investment remained resilient and housing sales stayed strong on a year-over-year basis. Due to the holidays, this week will be very quiet, with only the weekly initial jobless claims report set to be released.

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Monday Update: Economic Recovery Slows

December 21, 2020

Last week’s data releases largely showed a slowing economic recovery, as evidenced by declining retail sales figures for October and November and a disappointing rise in initial jobless claims. With that being said, the housing sector remains healthy and manufacturing continues to show signs of improvement. This will be a busy week for economic updates, with reports scheduled that touch on consumer confidence, home sales, durable goods orders, and personal income and spending.

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Monday Update: Consumer Confidence Rises

December 14, 2020

Last week was relatively quiet in terms of economic updates, with a focus on the November inflation reports, the weekly initial jobless claims report, and the first look at consumer sentiment in December. The consumer sentiment report was the highlight during the week, as consumer confidence unexpectedly rose to start off December. This week, we’ll see more updates. The November retail sales and industrial production reports are set to be released, as are updates on home builder confidence and new home construction.

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Monday Update: Employment Recovery Slowing

December 7, 2020

Last week saw a number of economic updates, with a focus on business confidence, the November jobs report, and October’s international trade report. This week will be relatively quiet, with November’s inflation reports and a first look at consumer sentiment in December serving as highlights.

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Monday Update: Consumer Confidence Falls

November 30, 2020

Last week, a number of important economic data releases came in with mixed results. Disappointing consumer confidence reports and rising initial unemployment claims provided a contrast for better-than-expected reports on October durable goods orders and personal spending. This week will be another busy one for updates, with November’s business confidence and employment reports serving as highlights.

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Monday Update: October Retail Sales Disappoint

November 23, 2020

Last week saw a number of important economic data releases, with a disappointing October retail sales report and strong housing market updates serving as highlights. This week will be busy, as well as holiday-shortened, with a focus on November’s consumer confidence reports, the first look at durable goods orders in October, and the monthly personal income and spending reports.

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