It’s relatively quiet in the broad financial markets today. Asian and European equity indices are modestly higher, and S&P 500 futures are essentially unchanged. Treasury prices are unchanged to slightly lower. Markets await the release of the January 30 FOMC minutes this afternoon, particularly as it relates to the Committee’s discussion of balance sheet normalization plans. As noted yesterday, the Fed policy conference in New York on Friday could offer additional color on this topic. There are several Fed leaders scheduled to speak on various topics, including balance sheet plans.

Jason Haley
Managing Director, Investment Management Group
2/19/2019NAHB Housing Market Index596258
2/20/2019MBA Mortgage Applications3.60%-3.70%-6.90%
2/21/2019FOMC Meeting Minutes
2/22/2019FOMC Minutes Released Live on Web
2/23/2019Philadelphia Fed Business Outlook1417
2/24/2019Initial Jobless Claims228k239k
2/25/2019Continuing Claims1743k1773k
2/26/2019Durable Goods Orders1.70%0.70%
2/27/2019Durables Ex Transportation0.30%-0.40%
2/28/2019Cap Goods Orders Nondef Ex Air0.20%-0.60%
3/1/2019Cap Goods Ship Nondef Ex Air0.00%-0.20%
3/2/2019Bloomberg Consumer Comfort60
3/3/2019Bloomberg Economic Expectations44.5
3/4/2019Markit US Manufacturing PMI54.854.9
3/5/2019Markit US Services PMI54.354.2
3/6/2019Markit US Composite PMI54.4
3/7/2019Leading Index0.10%-0.10%
3/8/2019Revisions: Existing Home Sales
3/9/2019Existing Home Sales5.00m4.99m
3/10/2019Existing Home Sales MoM0.20%-6.40%