April 19, 2021 Headlines

Treasuries are little changed following a relatively quiet news cycle over the weekend, and U.S. equity futures are slightly lower amid general dollar weakness. The CDC reported yesterday that half of all American adults (130 million) have received at least one Covid-19 vaccine dose. A decision on the J&J vaccine is expected to come this week, and Dr. Anthony Fauci said yesterday that he would be “very surprised” if distribution weren’t resumed in some form by Friday. This week’s economic calendar will be quiet, headlined by weekly jobless claims (Thursday) and April PMI data (Friday). The Fed has entered the pre-FOMC blackout period, so there will be no speakers this week ahead of next Wednesday’s meeting.

Jason Haley
Chief Investment Officer

Date	Event	Surv(M)	Actual	Prior	Revised
04/21/21	MBA Mortgage Applications	—	—	-3.70%	—
04/22/21	Chicago Fed Nat Activity Index	1.2	—	-1.09	—
04/22/21	Initial Jobless Claims	625k	—	576k	—
04/22/21	Continuing Claims	3640k	—	3731k	—
04/22/21	Langer Consumer Comfort	—	—	53.9	—
04/22/21	Leading Index	1.10%	—	0.20%	—
04/22/21	Existing Home Sales	6.19m	—	6.22m	—
04/22/21	Existing Home Sales MoM	-0.50%	—	-6.60%	—
04/22/21	Kansas City Fed Manf. Activity	28	—	26	—
04/23/21	Markit US Manufacturing PMI	61	—	59.1	—
04/23/21	Markit US Services PMI	61.9	—	60.4	—
04/23/21	Markit US Composite PMI	—	—	59.7	—
04/23/21	New Home Sales	885k	—	775k	—
04/23/21	New Home Sales MoM	14.20%	—	-18.20%	—

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