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.
Associate, Investment Management Group
|8/21/2019||MBA Mortgage Applications||—||—||21.70%||—|
|8/21/2019||Existing Home Sales||5.40m||—||5.27m||—|
|8/21/2019||Existing Home Sales MoM||2.50%||—||-1.70%||—|
|8/21/2019||FOMC Meeting Minutes||—||—||—||—|
|8/22/2019||Initial Jobless Claims||216k||—||220k||—|
|8/22/2019||Bloomberg Consumer Comfort||—||—||61.2||—|
|8/22/2019||Bloomberg Economic Expectations||—||—||55||—|
|8/22/2019||Markit US Manufacturing PMI||50.5||—||50.4||—|
|8/22/2019||Markit US Services PMI||52.8||—||53||—|
|8/22/2019||Markit US Composite PMI||—||—||52.6||—|
|8/22/2019||Kansas City Fed Manf. Activity||2||—||-1||—|
|8/23/2019||New Home Sales||645k||—||646k||—|
|8/23/2019||New Home Sales MoM||-0.20%||—||7.00%||—|
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