PHONE: 414-223-1099 TOLL-FREE: 1-800-236-1096
SEND US A QUESTION OR COMMENT FOR OUR NEXT SHOW

Money Talk Podcast, Friday Aug. 20, 2021

Play

 

Landaas & Company newsletter  August edition now available.

Advisors on This Week’s Show

Kyle Tetting

Dave Sandstrom

Paige Radke

(with Max Hoelzl and Joel Dresang, engineered by Jason Scuglik)

Week in Review (Aug. 16-20, 2021)

SIGNIFICANT ECONOMIC INDICATORS & REPORTS

Monday

No major reports

Tuesday

Retail sales declined 1.1% in July, the second drop in three months. Only five of the 13 retail categories gained in July, including gas stations, where sales rose by 2.4%, in part because of higher prices. Car dealers led the monthly sales losses with a 3.9% decline. Overall retail sales remained above their pre-pandemic level for the 13th month in a row, according to Commerce Department figures. Sales for bars and restaurants rose 1.7% in July and stayed above their pre-pandemic mark for the fourth consecutive month.

RetailJuly2021

The Federal Reserve reported a 0.9% gain in industrial production in July, although output remained 0.2% below levels before the pandemic. Automakers increased output by 11.2%, contributing half of the 1.4% lift in manufacturing production for the month. Utilities output slid 2.1% after an unseasonably hot June. Industries’ capacity utilization rate, an early indicator of inflation, rose for the fifth month in a row, registering 76.1%, below the pre-pandemic level of 76.3% and still below the long-term average of 79.6%.

Wednesday

Housing construction data sent mixed messages in July with the pace of building permits and housing starts slower than earlier in the year. The annual rate for starts declined 7% from June to 1.5 million houses but was up 2.5% from the year before and near its highest pace in 15 years. Notably, the rate of single-family houses under construction rose for the 13th time in 14 months, according to data from the Commerce Department. The annual rate of building permits rose for the first time in four months and was on par with the pace in late 2006.

UnderConstSinglesJuly2021

Thursday

The four-week moving average for initial unemployment claims declined for the first time in five weeks, sinking to its lowest level since mid-March 2020. At 377,750 applications, initial filings fell to within 2% of the 54-year average. They were down from a record high of 5.3 million in April 2020. Fewer than 12 million Americans claimed unemployment benefits in the latest week, down 2.6% from the week before. About three-quarters of the claims were tied to temporary pandemic relief programs.

The Conference Board said its leading economic indicators rose again in July, up 0.9% after gains of 0.5% in June and 1.2% in May. The business research group said each component of its index contributed to the measure’s rise to its highest level ever. Despite possible headwinds from the delta variant of COVID-19 and inflation, the Conference Board forecast GDP growth of 6% for 2021 and 4% for 2022.

Friday

No major announcements

MARKET CLOSINGS FOR THE WEEK

  • Nasdaq – 14715, down 108 points or 0.7%
  • Standard & Poor’s 500 – 4442, down 26 points or 0.6%
  • Dow Jones Industrial – 35119, down 397 points or 1.1%
  • 10-year U.S. Treasury Note – 1.26%, down 0.04 point

Send us a question for our next podcast.
Not a Landaas & Company client yet? Click here to learn more.
More information and insight from Money Talk
Money Talk Videos
Follow us on Twitter.

Landaas newsletter subscribers return to the newsletter via e-mail.


Text Size:  A  A  reset

No client or potential client should assume that any information presented or made available on or through this website should be construed as personalized financial planning or investment advice. Personalized financial planning and investment advice can be rendered only after engagement of the firm for services, execution of the required documentation, and receipt of required disclosures.
Landaas & Company performs investment advisory services only in those states where it is licensed, or excluded or exempted from state investment advisor licensing requirements. All responses to inquiries made by prospective customers to this internet site will not be made absent compliance with state investment advisor and investment advisor rep licensing requirements, or applicable exemptions or exclusions from licensing.
Please contact the firm for more information.
MEMBER FINRA MEMBER SIPC MSRB REGISTRANT

Powered By: mindspike design
ADDRESS: 411 E. WISCONSIN AVENUE, 20TH FLOOR MILWAUKEE, WI 53202
© 2021 Landaas & Company