Monday, the beginning of a short week that is packed with reports housing, unemployment, consumer attitudes, durable goods orders and more.
Stocks were down Friday but futures are looking higher this morning.
Another vaccine making a total of 3 now with 90% + effective rate.
Corporations are starting to pay dividends again. After tightening the purse strings during the pandemic they are feeling better about restarting paying dividends.
The attached article outlines the changes in the automotive industry. The model is more like the european model where it is common to order a car and wait for delivery. This will be a test of the instant gratification mentality of the American consumer. Quote from the article: "For months, dealer stocks have been running about 25% thinner than normal, a hangover effect from two months of pandemic-related factory closures last spring. The shortfall is requiring many buyers to order their cars and wait a few weeks, running counter to the American car shopper’s desire for instant gratification, and dealers’ impulse to send the customer home in a new car that day."