The coronavirus vaccine is finally here and additional economic stimulus (i.e. unemployment boost, stimulus checks, small business loans & grants) is soon on the way. Now, a new threat is bringing fear to investors. This time, a mutated strain of Covid-19 - starting the week off with lockdowns, travel bans and a dip in stock markets around the globe.
Looking at the economics from last week, reports came back mostly negative:
•Jobless Claims - worse than expectation
•Manufacturing (Kansas City) - better than expectation
•Manufacturing (NY & Philly) - worse than expectation
•Housing (Single-Family Sales) - worse than expectation
•Housing (Residential Permits) - better than expectation
•Retail Sales - worse than expectation
This week, National Activity, Consumer Confidence & Sentiment, Home Sales, Manufacturing and Jobless Claims are just an example of the reports investors will use for guidance.