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

Date Event Surv(M) Actual Prior Revised
04/22/19 Chicago Fed Nat Activity Index -0.1 -0.15 -0.29 -0.31
04/22/19 Existing Home Sales 5.30m 5.21m 5.51m 5.48m
04/22/19 Existing Home Sales MoM -3.80% -4.90% 11.80% 11.20%
04/23/19 FHFA House Price Index MoM 0.50% 0.30% 0.60%
04/23/19 Richmond Fed Manufact. Index 10 3 10
04/23/19 New Home Sales 649k 692k 667k 662k
04/23/19 New Home Sales MoM -2.70% 4.50% 4.90% 5.90%
04/24/19 MBA Mortgage Applications -7.30% -3.50%
04/25/19 Initial Jobless Claims 200k 230k 192k 193k
04/25/19 Continuing Claims 1682k 1655k 1653k 1654k
04/25/19 Durable Goods Orders 0.80% 2.70% -1.60% -1.10%
04/25/19 Durables Ex Transportation 0.20% 0.40% -0.10% -0.20%
04/25/19 Cap Goods Orders Nondef Ex Air 0.20% 1.30% -0.10% 0.10%
04/25/19 Cap Goods Ship Nondef Ex Air 0.10% -0.20% -0.10% 0.20%
04/25/19 Bloomberg Consumer Comfort 60.8 60.3
04/25/19 Kansas City Fed Manf. Activity 8 10
04/26/19 GDP Annualized QoQ 2.30% 2.20%
04/26/19 Personal Consumption 1.00% 2.50%
04/26/19 GDP Price Index 1.20% 1.70%
04/26/19 Core PCE QoQ 1.30% 1.80%
04/26/19 U. of Mich. Sentiment 97 96.9
04/26/19 U. of Mich. Current Conditions 114.2
04/26/19 U. of Mich. Expectations 85.8
04/26/19 U. of Mich. 1 Yr Inflation 2.40%
04/26/19 U. of Mich. 5-10 Yr Inflation 2.30%

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