Treasuries are essentially unchanged this morning. Futures on the S&P 500 and Nasdaq are up, rebounding from yesterday’s tax induced selloff. Bloomberg reported that President Biden is planning on raising capital gains taxes for those making over $1 million annually. Later this morning Markit will post the April PMI reading which is expected to come in at 61 compared to March’s 59.1.
Director, Investment Management Group
|04/21/21||MBA Mortgage Applications||—||8.60%||-3.70%||—|
|04/22/21||Chicago Fed Nat Activity Index||1.25||1.71||-1.09||-1.2|
|04/22/21||Initial Jobless Claims||610k||547k||576k||586k|
|04/22/21||Langer Consumer Comfort||—||54.2||53.9||—|
|04/22/21||Existing Home Sales||6.11m||6.01m||6.22m||6.24m|
|04/22/21||Existing Home Sales MoM||-1.80%||-3.70%||-6.60%||-6.30%|
|04/22/21||Kansas City Fed Manf. Activity||28||31||26||—|
|04/23/21||Markit US Manufacturing PMI||61||—||59.1||—|
|04/23/21||Markit US Services PMI||61.5||—||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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