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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