August 21, 2019 Headlines

Risk-on sentiment returned, although on light volume, in the overnight session with US Treasuries weaker and S&P 500 futures up .96%. The headlines were dominated by President Trump as he focused his attention on the Federal Reserve Chairmen Powell and claimed that the only thing holding back growth in the US economy was the current path of monetary policy. The comments come at a time when investors are already anticipating the release of last months FOMC minutes this afternoon, as well as Powell’s address at Jackson Hole speech on Friday.

Chris Eckhoff
Associate, Investment Management Group

DateEventSurveyActualPriorRevised
8/21/2019MBA Mortgage Applications21.70%
8/21/2019Existing Home Sales5.40m5.27m
8/21/2019Existing Home Sales MoM2.50%-1.70%
8/21/2019FOMC Meeting Minutes
8/22/2019Initial Jobless Claims216k220k
8/22/2019Continuing Claims1701k1726k
8/22/2019Bloomberg Consumer Comfort61.2
8/22/2019Bloomberg Economic Expectations55
8/22/2019Markit US Manufacturing PMI50.550.4
8/22/2019Markit US Services PMI52.853
8/22/2019Markit US Composite PMI52.6
8/22/2019Leading Index0.30%-0.30%
8/22/2019Kansas City Fed Manf. Activity2-1
8/23/2019New Home Sales645k646k
8/23/2019New Home Sales MoM-0.20%7.00%

 

 

 

 

 

 

 

 

 

 

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