April 18, 2022 Headlines

Treasury yields are drifting modestly higher following a quiet overnight session with London markets still closed for the Easter holiday. S&P 500 futures are down 0.31% a little more than an hour ahead of the open. There are no major economic releases scheduled for today, but James Bullard (St. Louis Fed), the most outspoken hawk of the FOMC, will provide his thoughts on the economy and monetary policy at an event this afternoon. The calendar for the rest of the week is relatively uneventful, particularly on the data front. On Thursday, Fed Chair Powell and ECB President Lagarde will participate on a joint panel hosted by the International Monetary Fund to discuss the global economy.  

Jason Haley
Chief Investment Officer

04/18/22NAHB Housing Market Index7779
04/19/22Building Permits1825k1859k1865k
04/19/22Building Permits MoM-2.10%-1.90%-1.60%
04/19/22Housing Starts1740k1769k
04/19/22Housing Starts MoM-1.60%6.80%
04/20/22MBA Mortgage Applications-1.30%
04/20/22Existing Home Sales5.78m6.02m
04/20/22Existing Home Sales MoM-4.00%-7.20%
04/20/22U.S. Federal Reserve Releases Beige Book
04/21/22Philadelphia Fed Business Outlook20.527.4
04/21/22Initial Jobless Claims180k185k
04/21/22Continuing Claims1459k1475k
04/21/22Leading Index0.30%0.30%
04/22/22S&P Global US Manufacturing PMI5858.8
04/22/22S&P Global US Services PMI5858
04/22/22S&P Global US Composite PMI57.957.7


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