US equities paused overnight after the recent rally as market participants look for more details regarding US-China trade negotiations. President Trump is expected to meet with Chinese Vice Premier Liu in what is being rumored as the final stages of negotiation. The expected deal would allow American companies to wholly own enterprises in China and provide a 2025 target to meet commitments on commodity purchases. On the economic data front, the labor market continues to tighten as jobless claims fell to 202k and is at the lowest levels since December 1969.
Chris EckhoffAssociate, Investment Management Group
| Date | Event | Surv(M) | Actual | Prior | Revised |
| 04/01/19 | Retail Sales Advance MoM | 0.20% | -0.20% | 0.20% | 0.70% |
| 04/01/19 | Retail Sales Ex Auto MoM | 0.30% | -0.40% | 0.90% | 1.40% |
| 04/01/19 | Retail Sales Ex Auto and Gas | 0.30% | -0.60% | 1.20% | 1.70% |
| 04/01/19 | Retail Sales Control Group | 0.30% | -0.20% | 1.10% | 1.70% |
| 04/01/19 | Markit US Manufacturing PMI | 52.5 | 52.4 | 52.5 | — |
| 04/01/19 | ISM Manufacturing | 54.5 | 55.3 | 54.2 | — |
| 04/01/19 | ISM Employment | — | 57.5 | 52.3 | — |
| 04/01/19 | ISM Prices Paid | 52.5 | 54.3 | 49.4 | — |
| 04/01/19 | ISM New Orders | — | 57.4 | 55.5 | — |
| 04/01/19 | Construction Spending MoM | -0.20% | 1.00% | 1.30% | 2.50% |
| 04/01/19 | Business Inventories | 0.50% | 0.80% | 0.60% | 0.80% |
| 04/02/19 | Durable Goods Orders | -1.80% | -1.60% | 0.30% | 0.10% |
| 04/02/19 | Durables Ex Transportation | 0.10% | 0.10% | -0.20% | -0.10% |
| 04/02/19 | Cap Goods Orders Nondef Ex Air | 0.10% | -0.10% | 0.80% | 0.90% |
| 04/02/19 | Cap Goods Ship Nondef Ex Air | -0.10% | 0.00% | 0.80% | 1.00% |
| 04/02/19 | Wards Total Vehicle Sales | 16.80m | 17.50m | 16.56m | — |
| 04/03/19 | MBA Mortgage Applications | — | 18.60% | 8.90% | — |
| 04/03/19 | ADP Employment Change | 175k | 129k | 183k | 197k |
| 04/03/19 | Markit US Services PMI | 54.8 | 55.3 | 54.8 | — |
| 04/03/19 | Markit US Composite PMI | — | 54.6 | 54.3 | — |
| 04/03/19 | ISM Non-Manufacturing Index | 58 | 56.1 | 59.7 | — |
| 04/04/19 | Challenger Job Cuts YoY | — | 0.40% | 117.20% | — |
| 04/04/19 | Initial Jobless Claims | 215k | 202k | 211k | 212k |
| 04/04/19 | Continuing Claims | 1752k | 1717k | 1756k | 1755k |
| 04/04/19 | Bloomberg Consumer Comfort | — | 58.9 | 60 | — |
| 04/05/19 | Change in Nonfarm Payrolls | 175k | — | 20k | — |
| 04/05/19 | Two-Month Payroll Net Revision | — | — | — | — |
| 04/05/19 | Change in Private Payrolls | 177k | — | 25k | — |
| 04/05/19 | Change in Manufact. Payrolls | 10k | — | 4k | — |
| 04/05/19 | Unemployment Rate | 3.80% | — | 3.80% | — |
| 04/05/19 | Average Hourly Earnings MoM | 0.30% | — | 0.40% | — |
| 04/05/19 | Average Hourly Earnings YoY | 3.40% | — | 3.40% | — |
| 04/05/19 | Average Weekly Hours All Employees | 34.5 | — | 34.4 | — |
| 04/05/19 | Labor Force Participation Rate | 63.20% | — | 63.20% | — |
| 04/05/19 | Underemployment Rate | — | — | 7.30% | — |
| 04/05/19 | Consumer Credit | $17.000b | — | $17.049b | — |