April 23, 2021 Headlines

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.

Hafizan Hamzah
Director, Investment Management Group

Date Event Surv(M) Actual Prior Revised
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 Continuing Claims 3650k 3674k 3731k 3708k
04/22/21 Langer Consumer Comfort — 54.2 53.9 —
04/22/21 Leading Index 1.00% 1.30% 0.20% -0.10%
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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