Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
 

  US Economy and Credit Markets Ended August 13, 2021
Posted Under: Weekly Market Commentary

 
Treasury yields were little changed last week. The Consumer Price Index rose 5.4% in July compared to last year for the second month in a row, which was slightly higher than expected. The 5.4% increase in the CPI matches the highest yearly increase in inflation since August 2008. However, the CPI's one-month 0.5% increase in July cooled from June's 0.9% rate. The increase in producer prices was also higher than expected, rising 1% in July compared to the prior month. Initial jobless claims came in at 375K for the week ended August 7, which was lower than the prior week and near pandemic lows of 368K. Combined with the prior week's strong jobs report, the data suggests the labor market continues its recovery despite increasing coronavirus cases. However, the University of Michigan Consumer Sentiment Index fell sharply, well below expectations, to its lowest level since 2011. The decline in sentiment reflected concerns about rising prices and the delta variant's potential impact on the economy. Major economic reports (related consensus forecasts, prior data) for the upcoming week include Monday: August Empire Manufacturing (28.0, 43.0); Tuesday: July Retail Sales Advance MoM (-0.2%, 0.6%), July Industrial Production MoM (0.5%, 0.4%); Wednesday: August 13 MBA Mortgage Applications (N/A, 2.8%), July Housing Starts (1600k, 1643k); Thursday: August 14 Initial Jobless Claims (360k, 375k), July Leading Index (0.7%, 0.7%).
Posted on Monday, August 16, 2021 @ 7:58 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
Sector Performance Via Market Cap. (2020 Bear Market & New Bull Market)
A Snapshot of Growth vs. Value Investing
US Stock Markets Ended August 6, 2021
US Economy and Credit Markets Ended August 6, 2021
How The S&P 500’s Defensive-Oriented Sectors Have Fared
One Measure Of Corporate Cash Holdings
US Stock Markets Ended July 30, 2021
US Economy and Credit Markets Ended July 30, 2021
A Snapshot Of Bond Valuations
A Snapshot Of Equity Fund Flows
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2021 All rights reserved.