The Independent Market Observer

Monday Update: June Retail Sales Beat Expectations

July 19, 2021

Last week saw a number of important economic updates, with a focus on June’s inflation and retail sales reports. Retail sales were a highlight, as the pace of sales increased by more than expected during the month. This will be another busy week for updates, which will address the housing market, weekly initial jobless claims, and more.

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Monday Update: Service Sector Expands in June

July 12, 2021

Last week was relatively quiet in terms of economic updates, with only three major data releases. In June, service sector confidence remained in healthy expansionary territory despite a slightly larger-than-expected pullback for the ISM Services index during the month. This week will be packed with updates, with June’s inflation and industrial production reports and the first look at consumer sentiment in July serving as highlights.

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Monday Update (on Tuesday): Hiring Accelerates in June

July 6, 2021

There were a number of important economic data releases last week, with better-than-expected results for consumer confidence and hiring in June serving as highlights. The June jobs report showed that hiring accelerated during the month, demonstrating the positive impact from eased restrictions at the state and local levels. This week will be relatively quiet, with only three major economic updates scheduled.

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Monday Update: Existing Home Sales Slow in May

June 28, 2021

Among last week’s important economic data releases, May’s housing sales, durable goods orders, and personal income and spending reports stood out. The pace of existing home sales fell for the fourth month in a row, as limited supply and rising prices hindered sales. Once again, this week will be packed with updates, including a look into consumer and manufacturer sentiment and the release of the June employment report.

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Appearance on Fox Business’ Mornings with Maria, June 22, 2021 [Video]

June 23, 2021

Yesterday I appeared on Fox Business’ Mornings with Maria to discuss inflation and the market outlook. Watch the full segment.

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Monday Update: Retail Sales Fall in May

June 21, 2021

Last week saw a number of important economic data releases, with a focus on retail sales and producer inflation in May, as well as the Fed’s June meeting. Retail sales fell by more than expected, but we saw an upward revision to April’s sales report that helps explain the May decline. This week will be busy once again, with May’s housing sales, durable goods orders, and personal income and spending reports serving as highlights.

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Appearance on Nasdaq’s TradeTalks, June 15, 2021 [Video]

June 16, 2021

Yesterday I appeared on Nasdaq's TradeTalks to discuss economic risks, the impact of inflation on the markets, and more. Watch the full segment.

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Monday Update: Consumer Prices Rise by More Than Expected

June 14, 2021

Last week saw a number of important economic updates, with a focus on April’s international trade report, May’s consumer inflation report, and the preliminary estimate of the University of Michigan consumer sentiment report for June. Consumer inflation came in above economist estimates, but the markets largely shrugged off the news. This week will be another busy one, with updates on May’s retail sales, industrial production, and new home construction serving as potential highlights.

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Monday Update: Business Confidence Rebounds as Hiring Accelerates

June 7, 2021

Last week saw a number of important economic updates, with May’s business confidence and employment reports serving as highlights. This week will be relatively quiet, with only a few major releases scheduled. Given recent concerns about rising inflationary pressure, the focus will be largely on Thursday’s release of the Consumer Price Index for May.

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Monday Update (on Tuesday): Another Post-Pandemic Low for Initial Jobless Claims

June 1, 2021

Last week saw several important economic data releases, with the weekly initial jobless claims report and the April personal income and spending reports serving as highlights. Initial unemployment claims fell for the fourth week in a row, providing an encouraging sign for the labor market recovery. This week, which is short due to the holiday, will be relatively quiet, with updates focusing on business confidence and employment.

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