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

04/21/21MBA Mortgage Applications-3.70%
04/22/21Chicago Fed Nat Activity Index1.2-1.09
04/22/21Initial Jobless Claims625k576k
04/22/21Continuing Claims3640k3731k
04/22/21Langer Consumer Comfort53.9
04/22/21Leading Index1.10%0.20%
04/22/21Existing Home Sales6.19m6.22m
04/22/21Existing Home Sales MoM-0.50%-6.60%
04/22/21Kansas City Fed Manf. Activity2826
04/23/21Markit US Manufacturing PMI6159.1
04/23/21Markit US Services PMI61.960.4
04/23/21Markit US Composite PMI59.7
04/23/21New Home Sales885k775k
04/23/21New Home Sales MoM14.20%-18.20%

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