VIPs Six states posted initial jobless claims that were down this week vis-à-vis February 29,2020, led by Vermont, New York, and New Hampshire; five of the six rank among the Top 15 most leisure-intensive economies, as re-opening brings a surge in activity and...
VIPs The Association of American Railroads’ latest weekly rail freight traffic data signaled a topping in volumes by rail, ship, and truck; through the first two weeks of June, trucking has rolled over to a -10.2% YoY rate, whereas shipping volumes have eased to 13.9%...
VIPs Auto and Home-Related Goods sales fell 4.2% MoM in May, while Retail Staples and Food & Drink rose 1.1% and 1.8% MoM, respectively; the decline in Auto and Home-Related Goods was so pronounced that it accounted for 97% of last month’s headline sales decline...
VIPs Per UMich’s Survey of Consumers, the current home buying-selling conditions spread is -90, flagging a record seller’s market; while 12-month recession probability is 10%, housing is at risk of a hard landing even as loan officers swing from net tightening to net...
VIPs Per MarketWatch, the ratio of 10-year municipal bond yields to comparable Treasuries is roughly 60%, appreciably richer than the historical 80%; demand from wealthy Americans has spiked in recent months amidst fears that taxes will be increased in new legislation...
VIPs Per Bloomberg, 52% of May’s CPI increase was driven by the “transitory” used cars, rental cars, vehicle insurance, lodging, airfares, and food away from home; sticky rental inflation hit a 14-month high of 0.24% MoM while moving expenses saw a record 5.5% MoM...
