Linneman Associates

#Corporate Profits: This is very deceiving as many firms struggle with record losses and bankruptcies while other parts of the economy do quite well. On average, no one is dying yet, even as many firms drown.

#Jobelss Claims: As we predicted, this was not going to be an easy recovery after the initial quick bounce back. Easy to get healthcare workers back to work but much harder to get other challenged parts of the economy back to full functioning. The butterfly recovery!

New #Home Sales: This is by far the strongest part of the butterfly recovery.

#Consumer Sentiment; (2 of 2) The prospect of high quality vaccination will set the economy back a bit over the next six months before taking off after that.

#Consumer Sentiment: (1 of 2) Decent in light of increased shut downs but not enough to power the economy forward, particularly in light of the fact that many of us are going to sit on their hands until we are vaccinated.