August 28, 2019 Headlines

In the London trading session, 30-year US Treasury yields fell to record lows following news that the UK Prime Minster Boris Johnson was attempting to limit parliamentary debate over Brexit increasing the odds of a no-deal Brexit. In the US, the August Conference Board survey showed consumer confidence starting to edge down but still beat economist expectations. The strength in the report continues to be on the present conditions, particularly the labor market, while the expectations component declined. Looking at upcoming releases, the second reading of Q2 GDP is expected tomorrow.

Chris Eckhoff
Associate, Investment Management Group

8/26/2019Chicago Fed Nat Activity Index0-0.36-0.020.03
8/26/2019Durable Goods Orders1.20%2.10%1.90%1.80%
8/26/2019Durables Ex Transportation0.00%-0.40%1.00%0.80%
8/26/2019Cap Goods Orders Nondef Ex Air0.00%0.40%1.50%0.90%
8/26/2019Cap Goods Ship Nondef Ex Air0.10%-0.70%0.30%0.00%
8/26/2019Dallas Fed Manf. Activity-42.7-6.3
8/27/2019House Price Purchase Index QoQ0.30%1.00%1.10%1.30%
8/27/2019FHFA House Price Index MoM0.20%0.20%0.10%0.20%
8/27/2019S&P CoreLogic CS 20-City MoM SA0.10%0.04%0.14%0.13%
8/27/2019S&P CoreLogic CS 20-City YoY NSA2.30%2.13%2.39%2.37%
8/27/2019S&P CoreLogic CS 20-City NSA Index218.02217.65216.94216.92
8/27/2019S&P CoreLogic CS US HPI YoY NSA3.30%3.13%3.43%3.35%
8/27/2019S&P CoreLogic CS US HPI NSA Index210.71209.66209.49
8/27/2019Richmond Fed Manufact. Index-41-12
8/27/2019Conf. Board Consumer Confidence129135.1135.7135.8
8/27/2019Conf. Board Present Situation177.2170.9
8/27/2019Conf. Board Expectations107112.2112.4
8/28/2019MBA Mortgage Applications-6.20%-0.90%
8/29/2019GDP Annualized QoQ2.00%2.10%
8/29/2019Personal Consumption4.30%4.30%
8/29/2019GDP Price Index2.40%2.40%
8/29/2019Core PCE QoQ1.80%1.80%
8/29/2019Advance Goods Trade Balance-$74.4b-$74.2b-$74.2b
8/29/2019Retail Inventories MoM0.30%-0.10%-0.30%
8/29/2019Wholesale Inventories MoM0.20%0.00%
8/29/2019Initial Jobless Claims214k209k
8/29/2019Continuing Claims1687k1674k
8/29/2019Bloomberg Consumer Comfort61.5
8/29/2019Pending Home Sales MoM0.00%2.80%
8/29/2019Pending Home Sales NSA YoY1.80%-0.60%
8/30/2019Personal Income0.30%0.40%
8/30/2019Personal Spending0.50%0.30%
8/30/2019Real Personal Spending0.30%0.20%
8/30/2019PCE Deflator MoM0.20%0.10%
8/30/2019PCE Deflator YoY1.40%1.40%
8/30/2019PCE Core Deflator MoM0.20%0.20%
8/30/2019PCE Core Deflator YoY1.60%1.60%
8/30/2019MNI Chicago PMI47.544.4
8/30/2019U. of Mich. Sentiment92.392.1
8/30/2019U. of Mich. Current Conditions107.4
8/30/2019U. of Mich. Expectations82.3
8/30/2019U. of Mich. 1 Yr Inflation2.70%
8/30/2019U. of Mich. 5-10 Yr Inflation2.60%











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