/Succinct Summation of Week’s Events 12.11.20

Succinct Summation of Week’s Events 12.11.20

Succinct Summations for the week ending December 11th, 2020


1. FDA Approval of Pfizer Covid Vaccine means distribution is imminent;
2. Job openings rose from 6.494M to 6.652M in October, above expectations.
3. Wholesale inventories rose 1.1% m/o/m, above expectations.
4. CPI rose 0.2% m/o/m, above expectations.
5. Consumer sentiment stands at 81.4 for December, above expectations.


1. Awful COVID week : 210k new cases, 106,688 hospitalizations, 3,054 deaths – all single day records.
2. Jobless claims increased by 137k w/o/w from 716k to 853k.
3. Home mortgage apps fell 5.0% w/o/w, below the previous increase of 9.0%.
4. Consumer Credit rose $7.2B m/o/m, below the expected increase of $17.0B.
5. NFIB Small Business Optimism Index came in at 101.4 for November, below expectations.

Thanks. Matt


Russell 2000 Small Caps Rally to All-Time Highs

Source: YCharts


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