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

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%2.00%2.10%
8/29/2019Personal Consumption4.30%4.70%4.30%
8/29/2019GDP Price Index2.40%2.40%2.40%
8/29/2019Core PCE QoQ1.80%1.70%1.80%
8/29/2019Advance Goods Trade Balance-$74.4b-$72.3b-$74.2b
8/29/2019Retail Inventories MoM0.30%0.80%-0.10%-0.30%
8/29/2019Wholesale Inventories MoM0.20%0.20%0.00%
8/29/2019Initial Jobless Claims214k215k209k211k
8/29/2019Continuing Claims1686k1698k1674k1676k
8/29/2019Bloomberg Consumer Comfort62.561.5
8/29/2019Pending Home Sales MoM0.00%-2.50%2.80%
8/29/2019Pending Home Sales NSA YoY1.80%1.70%-0.60%
8/30/2019Personal Income0.30%0.10%0.40%0.50%
8/30/2019Personal Spending0.50%0.60%0.30%
8/30/2019Real Personal Spending0.30%0.40%0.20%
8/30/2019PCE Deflator MoM0.20%0.20%0.10%
8/30/2019PCE Deflator YoY1.40%1.40%1.40%1.30%
8/30/2019PCE Core Deflator MoM0.20%0.20%0.20%
8/30/2019PCE Core Deflator YoY1.60%1.60%1.60%
8/30/2019MNI Chicago PMI47.544.4
8/30/2019U. of Mich. Sentiment92.492.1
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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