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
Date Event Surv(M) Actual Prior Revised
2/19/2019 NAHB Housing Market Index 59 62 58
2/20/2019 MBA Mortgage Applications 3.60% -3.70% -6.90%
2/21/2019 FOMC Meeting Minutes
2/22/2019 FOMC Minutes Released Live on Web
2/23/2019 Philadelphia Fed Business Outlook 14 17
2/24/2019 Initial Jobless Claims 228k 239k
2/25/2019 Continuing Claims 1743k 1773k
2/26/2019 Durable Goods Orders 1.70% 0.70%
2/27/2019 Durables Ex Transportation 0.30% -0.40%
2/28/2019 Cap Goods Orders Nondef Ex Air 0.20% -0.60%
3/1/2019 Cap Goods Ship Nondef Ex Air 0.00% -0.20%
3/2/2019 Bloomberg Consumer Comfort 60
3/3/2019 Bloomberg Economic Expectations 44.5
3/4/2019 Markit US Manufacturing PMI 54.8 54.9
3/5/2019 Markit US Services PMI 54.3 54.2
3/6/2019 Markit US Composite PMI 54.4
3/7/2019 Leading Index 0.10% -0.10%
3/8/2019 Revisions: Existing Home Sales
3/9/2019 Existing Home Sales 5.00m 4.99m
3/10/2019 Existing Home Sales MoM 0.20% -6.40%