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

04/21/21MBA Mortgage Applications8.60%-3.70%
04/22/21Chicago Fed Nat Activity Index1.251.71-1.09-1.2
04/22/21Initial Jobless Claims610k547k576k586k
04/22/21Continuing Claims3650k3674k3731k3708k
04/22/21Langer Consumer Comfort54.253.9
04/22/21Leading Index1.00%1.30%0.20%-0.10%
04/22/21Existing Home Sales6.11m6.01m6.22m6.24m
04/22/21Existing Home Sales MoM-1.80%-3.70%-6.60%-6.30%
04/22/21Kansas City Fed Manf. Activity283126
04/23/21Markit US Manufacturing PMI6159.1
04/23/21Markit US Services PMI61.560.4
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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