August 27, 2019 Headlines

US Treasury yields are lower this morning and equity futures are pointing to a slightly higher open (S&P500 +.36%). Headlines overnight continue to focus on President Trump’s positive comments at the G-7 meeting about the US-China trade war. The President touted current talks have been meaningful and prospects of a trade deal are better now than at any time since beginning last year. However, China appeared to contest these statements that any progress has been made. Elsewhere, German Q2 GDP contracted to -0.1% QoQ after expanding by .4% in Q1 showing weakness in Europe’s largest economy. Trade disputes and weakening foreign demand weighed on economy as detailed components show net exports deducted -.5% from the expansion.

Chris Eckhoff
Associate, Investment Management Group

Date	Event	Survey	Actual	Prior	Revised
8/26/2019	Chicago Fed Nat Activity Index	0	-0.36	-0.02	0.03
8/26/2019	Durable Goods Orders	1.20%	2.10%	1.90%	1.80%
8/26/2019	Durables Ex Transportation	0.00%	-0.40%	1.00%	0.80%
8/26/2019	Cap Goods Orders Nondef Ex Air	0.00%	0.40%	1.50%	0.90%
8/26/2019	Cap Goods Ship Nondef Ex Air	0.10%	-0.70%	0.30%	0.00%
8/26/2019	Dallas Fed Manf. Activity	-4	2.7	-6.3	—
8/27/2019	House Price Purchase Index QoQ	0.30%	1.00%	1.10%	1.30%
8/27/2019	FHFA House Price Index MoM	0.20%	0.20%	0.10%	0.20%
8/27/2019	S&P CoreLogic CS 20-City MoM SA	0.10%	0.04%	0.14%	0.13%
8/27/2019	S&P CoreLogic CS 20-City YoY NSA	2.30%	2.13%	2.39%	2.37%
8/27/2019	S&P CoreLogic CS 20-City NSA Index	218.02	217.65	216.94	216.92
8/27/2019	S&P CoreLogic CS US HPI YoY NSA	3.30%	3.13%	3.43%	3.35%
8/27/2019	S&P CoreLogic CS US HPI NSA Index	—	210.71	209.66	209.49
8/27/2019	Richmond Fed Manufact. Index	-4	—	-12	—
8/27/2019	Conf. Board Consumer Confidence	129	—	135.7	—
8/27/2019	Conf. Board Present Situation	—	—	170.9	—
8/27/2019	Conf. Board Expectations	—	—	112.2	—
8/28/2019	MBA Mortgage Applications	—	—	-0.90%	—
8/29/2019	GDP Annualized QoQ	2.00%	—	2.10%	—
8/29/2019	Personal Consumption	4.30%	—	4.30%	—
8/29/2019	GDP Price Index	2.40%	—	2.40%	—
8/29/2019	Core PCE QoQ	1.80%	—	1.80%	—
8/29/2019	Advance Goods Trade Balance	-$74.4b	—	-$74.2b	-$74.2b
8/29/2019	Retail Inventories MoM	0.30%	—	-0.10%	-0.30%
8/29/2019	Wholesale Inventories MoM	0.20%	—	0.00%	—
8/29/2019	Initial Jobless Claims	214k	—	209k	—
8/29/2019	Continuing Claims	1687k	—	1674k	—
8/29/2019	Bloomberg Consumer Comfort	—	—	61.5	—
8/29/2019	Pending Home Sales MoM	0.00%	—	2.80%	—
8/29/2019	Pending Home Sales NSA YoY	1.80%	—	-0.60%	—
8/30/2019	Personal Income	0.30%	—	0.40%	—
8/30/2019	Personal Spending	0.50%	—	0.30%	—
8/30/2019	Real Personal Spending	0.30%	—	0.20%	—
8/30/2019	PCE Deflator MoM	0.20%	—	0.10%	—
8/30/2019	PCE Deflator YoY	1.40%	—	1.40%	—
8/30/2019	PCE Core Deflator MoM	0.20%	—	0.20%	—
8/30/2019	PCE Core Deflator YoY	1.60%	—	1.60%	—
8/30/2019	MNI Chicago PMI	47.6	—	44.4	—
8/30/2019	U. of Mich. Sentiment	92.4	—	92.1	—
8/30/2019	U. of Mich. Current Conditions	—	—	107.4	—
8/30/2019	U. of Mich. Expectations	—	—	82.3	—
8/30/2019	U. of Mich. 1 Yr Inflation	—	—	2.70%	—
8/30/2019	U. of Mich. 5-10 Yr Inflation	—	—	2.60%	—

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