August 24, 2020 Headlines

Risk assets are rallying to start the week on vaccine/treatment hopes, but Treasuries are little changed from Friday’s close. The FDA announced over the weekend that it is fast-tracking blood plasma treatments for COVID patients, and the Financial Times is reporting that the White House is considering bypassing regulatory standards to accelerate an experimental vaccine. The headline event for financial markets this week is the Fed’s annual Jackson Hole symposium on Thursday and Friday. Fed Chair Powell’s speech on Thursday morning will be the most anticipated.

Jason Haley
Chief Investment Officer

Date	Event	Survey	Actual	Prior	Revised
8/24/20	Chicago Fed Nat Activity Index	3.7	1.18	4.11	5.33
8/25/20	House Price Purchase Index QoQ	—	—	1.70%	—
8/25/20	FHFA House Price Index MoM	0.30%	—	-0.30%	—
8/25/20	S&P CoreLogic CS 20-City MoM SA	0.10%	—	0.04%	—
8/25/20	S&P CoreLogic CS 20-City YoY NSA	3.60%	—	3.69%	—
8/25/20	S&P CoreLogic CS 20-City NSA Index	—	—	224.76	—
8/25/20	S&P CoreLogic CS US HPI YoY NSA	—	—	4.46%	—
8/25/20	S&P CoreLogic CS US HPI NSA Index	—	—	218.87	—
8/25/20	Conf. Board Consumer Confidence	93	—	92.6	—
8/25/20	Conf. Board Present Situation	—	—	94.2	—
8/25/20	New Home Sales	790k	—	776k	—
8/25/20	Conf. Board Expectations	—	—	91.5	—
8/25/20	New Home Sales MoM	1.80%	—	13.80%	—
8/25/20	Richmond Fed Manufact. Index	10	—	10	—
8/26/20	MBA Mortgage Applications	—	—	-3.30%	—
8/26/20	Durable Goods Orders	4.50%	—	7.60%	—
8/26/20	Durables Ex Transportation	2.00%	—	3.60%	—
8/26/20	Cap Goods Orders Nondef Ex Air	1.90%	—	3.40%	—
8/26/20	Cap Goods Ship Nondef Ex Air	2.00%	—	3.30%	—
8/27/20	GDP Annualized QoQ	-32.50%	—	-32.90%	—
8/27/20	Personal Consumption	-34.60%	—	-34.60%	—
8/27/20	GDP Price Index	-1.80%	—	-1.80%	—
8/27/20	Core PCE QoQ	-1.10%	—	-1.10%	—
8/27/20	Initial Jobless Claims	1000k	—	1106k	—
8/27/20	Continuing Claims	14450k	—	14844k	—
8/27/20	Bloomberg Consumer Comfort	—	—	43.5	—
8/27/20	Pending Home Sales MoM	2.00%	—	16.60%	—
8/27/20	Pending Home Sales NSA YoY	—	—	12.70%	—
8/27/20	Kansas City Fed Manf. Activity	5	—	3	—
8/28/20	Personal Income	-0.30%	—	-1.10%	—
8/28/20	Advance Goods Trade Balance	-$72.0b	—	-$70.6b	—
8/28/20	Wholesale Inventories MoM	-0.80%	—	-1.40%	—
8/28/20	Personal Spending	1.50%	—	5.60%	—
8/28/20	Real Personal Spending	1.60%	—	5.20%	—
8/28/20	Retail Inventories MoM	-1.00%	—	-2.60%	—
8/28/20	PCE Deflator MoM	0.40%	—	0.40%	—
8/28/20	PCE Deflator YoY	1.00%	—	0.80%	—
8/28/20	PCE Core Deflator MoM	0.50%	—	0.20%	—
8/28/20	PCE Core Deflator YoY	1.20%	—	0.90%	—
8/28/20	MNI Chicago PMI	52.5	—	51.9	—
8/28/20	U. of Mich. Sentiment	72.8	—	72.8	—
8/28/20	U. of Mich. Current Conditions	—	—	82.5	—
8/28/20	U. of Mich. Expectations	—	—	66.5	—
8/28/20	U. of Mich. 1 Yr Inflation	—	—	3.00%	—
8/28/20	U. of Mich. 5-10 Yr Inflation	—	—	2.70%	—

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