August 30, 2019 Headlines

The month of August is typically lethargic as market participants focus on summer vacation, however, this year the month has brought volatility. Yesterday, positive trade headlines surfaced that China was not looking to escalate current trade tensions. While vague, the comments initiated a risk on trade that has carried optimism into this morning with S&P 500 futures up .53% and Treasury yields 1-2bps higher. Although there is not an official early close, trading desks will be lightly staffed in anticipation of the Labor Day. Have a great holiday weekend!

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	1	-12	—
8/27/2019	Conf. Board Consumer Confidence	129	135.1	135.7	135.8
8/27/2019	Conf. Board Present Situation	—	177.2	170.9	—
8/27/2019	Conf. Board Expectations	—	107	112.2	112.4
8/28/2019	MBA Mortgage Applications	—	-6.20%	-0.90%	—
8/29/2019	GDP Annualized QoQ	2.00%	2.00%	2.10%	—
8/29/2019	Personal Consumption	4.30%	4.70%	4.30%	—
8/29/2019	GDP Price Index	2.40%	2.40%	2.40%	—
8/29/2019	Core PCE QoQ	1.80%	1.70%	1.80%	—
8/29/2019	Advance Goods Trade Balance	-$74.4b	-$72.3b	-$74.2b	—
8/29/2019	Retail Inventories MoM	0.30%	0.80%	-0.10%	-0.30%
8/29/2019	Wholesale Inventories MoM	0.20%	0.20%	0.00%	—
8/29/2019	Initial Jobless Claims	214k	215k	209k	211k
8/29/2019	Continuing Claims	1686k	1698k	1674k	1676k
8/29/2019	Bloomberg Consumer Comfort	—	62.5	61.5	—
8/29/2019	Pending Home Sales MoM	0.00%	-2.50%	2.80%	—
8/29/2019	Pending Home Sales NSA YoY	1.80%	1.70%	-0.60%	—
8/30/2019	Personal Income	0.30%	0.10%	0.40%	0.50%
8/30/2019	Personal Spending	0.50%	0.60%	0.30%	—
8/30/2019	Real Personal Spending	0.30%	0.40%	0.20%	—
8/30/2019	PCE Deflator MoM	0.20%	0.20%	0.10%	—
8/30/2019	PCE Deflator YoY	1.40%	1.40%	1.40%	1.30%
8/30/2019	PCE Core Deflator MoM	0.20%	0.20%	0.20%	—
8/30/2019	PCE Core Deflator YoY	1.60%	1.60%	1.60%	—
8/30/2019	MNI Chicago PMI	47.5	—	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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