August 14, 2021 Headlines

Treasuries are little changed to start the week following a quiet overnight session (and Friday’s rally). U.S. equity futures are down 35-40 basis points ahead of the open with weaker Chinese economic data and general Covid concerns weighing on sentiment. For financial markets, the next major economic calendar event is Fed Chair Powell’s Jackson Hole speech at the end of next week, but prior to that, we will see the July retail sales report (tomorrow) and the minutes of the July 28 FOMC meeting (Wednesday). On the supply front, Treasury will be issuing new 20-year bonds on Wednesday.

Jason Haley
Chief Investment Officer

Date	Event	Surv(M)	Actual	Prior	Revised
08/16/21	Empire Manufacturing	28.5	—	43	—
08/16/21	Total Net TIC Flows	—	—	$105.3b	—
08/16/21	Net Long-term TIC Flows	—	—	-$30.2b	—
08/17/21	Retail Sales Advance MoM	-0.20%	—	0.60%	—
08/17/21	Retail Sales Ex Auto MoM	0.20%	—	1.30%	—
08/17/21	Retail Sales Ex Auto and Gas	0.00%	—	1.10%	—
08/17/21	Retail Sales Control Group	-0.20%	—	1.10%	—
08/17/21	Industrial Production MoM	0.50%	—	0.40%	—
08/17/21	Capacity Utilization	75.70%	—	75.40%	—
08/17/21	Manufacturing (SIC) Production	0.60%	—	-0.10%	—
08/17/21	Business Inventories	0.80%	—	0.50%	—
08/17/21	NAHB Housing Market Index	80	—	80	—
08/18/21	MBA Mortgage Applications	—	—	2.80%	—
08/18/21	Building Permits MoM	1.00%	—	-5.10%	-5.30%
08/18/21	Building Permits	1610k	—	1598k	1594k
08/18/21	Housing Starts	1600k	—	1643k	—
08/18/21	Housing Starts MoM	-2.60%	—	6.30%	—
08/18/21	FOMC Meeting Minutes	—	—	—	—
08/18/21-08/20/21	Mortgage Delinquencies	—	—	6.38%	—
08/18/21-08/20/21	MBA Mortgage Foreclosures	—	—	0.54%	—
08/19/21	Initial Jobless Claims	365k	—	375k	—
08/19/21	Continuing Claims	2800k	—	2866k	—
08/19/21	Philadelphia Fed Business Outlook	24	—	21.9	—
08/19/21	Langer Consumer Comfort	—	—	54.6	—
08/19/21	Leading Index	0.70%	—	0.70%	—

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