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Happy Easter! {Market Report} April 22nd

Happy Easter! {Market Report} April 22nd
April 22, 2019 abryant

Happy Easter!

 I hope you enjoy a wonderful celebration with those you love.

 

The first time I see a jogger smiling, I’ll consider it.

If I had nine of my fingers missing I wouldn’t type any slower..

My brain has too many tabs open.

 

Now The Market Report . . .

 

The consumer price index rose less than forecast in March. A key measure of inflation, this reading supports the Fed’s decision not to raise rates this year.

Producer prices increased by the most in 5 months in March. However, underlying prices remained soft, an indication of tame inflationary pressures.

Jobless claims fell to a 49-1/2-year low last week. Sustained labor market strength could help temper concerns of an economic slowdown.

 

Although down from January, construction job openings were higher year-over-year in February, highlighting the challenge of labor availability for builders.

Housing sentiment surged in March, with sellers the most optimistic. Consumers who say it’s a good time to sell increased 13% from February, up 4% from 2018.

CoreLogic says mortgage delinquencies in January were the lowest for that month in 20 years. Serious delinquencies dropped to 1.4% from 2.1% in 2018.

 

“Discipline is the bridge between goals and accomplishment.”

 Jim Rohn

 

This week’s potential market moving reports are:

 

Monday, April 22nd:         Exiting Home Sales

Tuesday, April 23rd:          New Home Sales

Wednesday, April 24th:    MBA Mortgage Applications

Thursday, April 25th:        First Time Jobless Claims, Durable Goods Orders

Friday, April 26th:             Consumer Sentiment

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