April 25, 2019 Headlines

It was another quiet overnight session with no major macro headlines driving activity. Treasuries are little changed this morning, but U.S. equities are opening lower despite solid earnings reports from Microsoft and Facebook. Investors will continue to focus on earnings over the next several days, while keeping a close eye on any developments on the trade front. The next FOMC meeting will take place next Wednesday, but it isn’t expected to result any new meaningful information. The first estimate of Q1 GDP will be released tomorrow, and the March PCE report will be released on Monday.


 Jason Haley
Managing Director, Investment Management Group

04/22/19Chicago Fed Nat Activity Index-0.1-0.15-0.29-0.31
04/22/19Existing Home Sales5.30m5.21m5.51m5.48m
04/22/19Existing Home Sales MoM-3.80%-4.90%11.80%11.20%
04/23/19FHFA House Price Index MoM0.50%0.30%0.60%
04/23/19Richmond Fed Manufact. Index10310
04/23/19New Home Sales649k692k667k662k
04/23/19New Home Sales MoM-2.70%4.50%4.90%5.90%
04/24/19MBA Mortgage Applications-7.30%-3.50%
04/25/19Initial Jobless Claims200k230k192k193k
04/25/19Continuing Claims1682k1655k1653k1654k
04/25/19Durable Goods Orders0.80%2.70%-1.60%-1.10%
04/25/19Durables Ex Transportation0.20%0.40%-0.10%-0.20%
04/25/19Cap Goods Orders Nondef Ex Air0.20%1.30%-0.10%0.10%
04/25/19Cap Goods Ship Nondef Ex Air0.10%-0.20%-0.10%0.20%
04/25/19Bloomberg Consumer Comfort60.860.3
04/25/19Kansas City Fed Manf. Activity810
04/26/19GDP Annualized QoQ2.30%2.20%
04/26/19Personal Consumption1.00%2.50%
04/26/19GDP Price Index1.20%1.70%
04/26/19Core PCE QoQ1.30%1.80%
04/26/19U. of Mich. Sentiment9796.9
04/26/19U. of Mich. Current Conditions114.2
04/26/19U. of Mich. Expectations85.8
04/26/19U. of Mich. 1 Yr Inflation2.40%
04/26/19U. of Mich. 5-10 Yr Inflation2.30%

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