From the Census Bureau reported that overall construction spending decreased in May: Construction spending during May 2020 was estimated at…
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ISM Manufacturing index Increased to 52.6 in June
The ISM manufacturing index indicated expansion in June. The PMI was at 52.6% in June, up from 43.1% in May.…
Continue ReadingADP: Private Employment increased 2,369,000 in June
From ADP: Private sector employment increased by 2,369,000 jobs from May to June according to the June ADP National Employment…
Continue ReadingAnimal Spirits: Existential Hurricane
On today’s show we discuss: How cutting off the $600 relief checks could cause another recession Restaurants are closing Ben’s…
Continue ReadingWednesday: ADP Employment, ISM Mfg Index, Construction Spending, FOMC Minutes
Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.…
Continue ReadingCrude Oil 10-Year Lead Update
Given the wild price action this year in both the stock and oil markets, I figured it was time to…
Continue ReadingWhy Would Anyone Invest Right now?
On this edition of What Are Your Thoughts? Josh and I spoke about Is there a such thing as learning…
Continue ReadingJune 30 COVID-19 Test Results
The US is now conducting over 500,000 tests per day, and that might be enough to allow test-and-trace in some…
Continue ReadingFannie Mae: Mortgage Serious Delinquency Rate Increased in May
Fannie Mae reported that the Single-Family Serious Delinquency increased to 0.89% in May, from 0.70% in April. The serious delinquency…
Continue ReadingLas Vegas Visitor Authority: “No Convention Attendance, Hotel Occupancy 2.8%” in May
From the Las Vegas Visitor Authority: May 2020 Las Vegas Visitor Statistics Reflecting the continued shutdown in place due to…
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