December 28, 2020 Headlines

President Trump’s decision last night to sign the spending and Covid-aid package sparked a risk-on trade overnight. Treasury yields are higher and steeper this morning, and U.S. equity futures are up 55-90 bps. The $2.3 trillion spending bill averted a government shutdown this week, and it included $900 billion in fresh Covid-related support. This final week of 2020 should be very quiet in fixed income markets from a trading volume perspective, and there are no major economic events on the calendar.  

Jason Haley
Chief Investment Officer

Date Event Surv(M) Actual Prior Revised
12/28/20 Dallas Fed Manf. Activity 10.2 — 12 —
12/29/20 S&P CoreLogic CS 20-City MoM SA 1.00% — 1.27% —
12/29/20 S&P CoreLogic CS 20-City YoY NSA 6.90% — 6.57% —
12/29/20 S&P CoreLogic CS 20-City NSA Index — — 232.53 —
12/29/20 S&P CoreLogic CS US HPI YoY NSA — — 6.96% —
12/29/20 S&P CoreLogic CS US HPI NSA Index — — 226.8 —
12/30/20 Wholesale Inventories MoM 0.70% — 1.10% —
12/30/20 Advance Goods Trade Balance -$81.5b — -$80.3b —
12/30/20 Retail Inventories MoM — — 0.80% —
12/30/20 MNI Chicago PMI 56 — 58.2 —
12/30/20 Pending Home Sales MoM 0.00% — -1.10% —
12/30/20 Pending Home Sales NSA YoY 21.00% — 19.50% —
12/31/20 Initial Jobless Claims 830k — 803k —
12/31/20 Continuing Claims — — 5337k —
12/31/20 Bloomberg Consumer Comfort — — 47 —

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