Markets in a Minute - Pricey Easter Candy

Insights | Markets in a Minute - Pricey Easter Candy

Author: Zac Martin, Investment Associate

Week Ending March 28th - Pricey Easter Candy

  • While the market was closed on Friday; Core PCE for February reported inline with the consensus, rising 0.3% M/M
  • New Home Sales for February negatively surprised analyst estimates by -18k, bringing the seasonally adjusted annual rate to 662k.
  • Additionally, the median selling price of a new home has dropped 7.6% year-over-year, to $400.5k.
  • March’s Consumer Confidence Index remained relatively unchanged to 104.7 (v. 104.8), however, the report missed analyst expectations by -2.3.
  • Earnings from last week – Positive consumer data from McCormick & Carnival Cruise both seeing volumes increase (Carnival bookings hitting an all time high). Management from Walgreens continually cautious on retail. 

The week ahead: 

  • ISM Manufacturing PMI (4/1)
  • Factory & Durable Orders (4/2)
  • JOLTS for March (4/2)
  • ISM Service PMI (4/3)
  • Non-farm Payrolls (4/5)

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