Giant beats in new claims and retail sales. It's looking like our crazy year-ago call for a completed V-shaped recovery by Q1 is going to pay off.
High-Frequency Post-Virus Recovery
High-Frequency Post-Virus Recovery
Thursday, April 8, 2021
The recovery from the lockdown depression is trickling down to the grass roots, with restaurant seatings back almost to pre-pandemic levels. In 8 states, they are higher!
High-Frequency Post-Virus Recovery
Thursday, April 1, 2021
Some of our high-frequency data is presented year-over-year, and given where we were a year ago, it looks crazy good. But even in absolute terms, the recovery is palpable. Look at the jump in gasoline sales. Follow that F-150!
High-Frequency Post-Virus Recovery
Thursday, March 25, 2021
Big beats for new and continuing unemployment claims, bringing the implied unemployment rate to a new recovery low at 3.2%. No wonder, with the Social Distancing Index making new recovery lows.
High-Frequency Post-Virus Recovery
Thursday, March 18, 2021
Look at the state-by-state mobility charts. One by one, the cells are turning green. There didn't used to be any at all. America is coming back to life.
High-Frequency Post-Virus Recovery
Thursday, March 11, 2021
Great news all around, but the best is on page 5. At last! The Social Distancing Index has crashed to new recovery lows. The boom is among us!
High-Frequency Post-Virus Recovery
Thursday, March 4, 2021
A sudden drop to new recovery lows in the Social Distancing Index, as mobility returns in most states. It's more than a bounceback from the Polar Vortex -- this is the long-awaited move to reopening.
High-Frequency Post-Virus Recovery
Thursday, February 25, 2021
A bigger than expected improvement in new claims drives the implied unemployment rate to a new recovery low at 3.6%. Meanwhile, the Polar Vortex works its mischief on rail freight loadings.
High-Frequency Post-Virus Recovery
Thursday, February 18, 2021
Other than air travel passengers, our highest-frequency data really isn't showing much of an effect from the Polar Vortex.
High-Frequency Post-Virus Recovery
Wednesday, February 10, 2021
Another week, a little further recovery. Claims didn't quite live up to expectations, but the implied unemployment rate did what it had to do -- fell to a new recovery low.