A quick look at the markets for the week ending June 21, 2024 ‌ 

Retail sales rose 0.1% in May, coming in weaker than expected as consumers continued to wrestle with stubbornly high levels of inflation. 
New jobless claims fell from their 10-month high last week, but continuing claims rose for the 7th straight week.
Fed officials continue to signal that rate cuts aren’t likely until more data supports trends toward cooler inflation and higher unemployment.
  
New home construction slumped in May to its slowest pace in 4 years. Higher mortgage rates sapped the momentum gained earlier this year. 
Building permits fell in May to the weakest level since June 2020. Permits for single-family homes dropped for the 4th straight month.
Purchase mortgage apps were up 2% for the week, though down 12% from a year ago. Tight supply and higher rates have slowed home sales.
  

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Theodore Roosevelt