Quikrete Industry Dashboard
The latest version of the Quikrete Industry Dashboard illustrates the strength in the housing market. More recently, it shows an increase in gas prices, and a slight uptick in Consumer Confidence.
At $2.42 per gallon of regular, as recorded by the American Automobile Association, gas prices are steadily moving closer to the year-ago figure of $2.51.
January’s Consumer Confidence Index, as reported by the Conference Board, increased to 89.3 (1985=100), up from the 87.1 reading of December.
The numbers suggest “that consumers foresee conditions improving in the not-too-distant future,” said Lynn Franco, senior director of economic indicators at The Conference Board. “In addition, the percent of consumers who said they intend to purchase a home in the next six months improved, suggesting that the pace of home sales should remain robust in early 2021.”
And on the HBSDealer Stock Roundup, there appears to be no evidence of the kind of organized short squeeze that sent shares of GameStop through the roof. There is, however, an impressive 15% monthly gain and 80% year-over-year gain for Deere.