February 25, 2020 Headlines

Yesterday’s risk-off trade saw the 10-year US Treasury yield plunge 10 bps and S&P 500 close -3.35% on renewed contagion concerns. So far, the World Health Organization has held off from declaring the coronavirus as a global pandemic as cases continue to grow in South Korea, Japan, and Italy. There has been some encouraging news regarding the development of treatments with results anticipated in April, but the prevailing focus remains on the transmission rate outside of China.

Chris Eckhoff
Associate, Investment Management Group

2/24/2020Chicago Fed Nat Activity Index-0.18-0.25-0.35-0.51
2/24/2020Dallas Fed Manf. Activity01.2-0.2
2/25/2020House Price Purchase Index QoQ1.30%1.10%1.20%
2/25/2020FHFA House Price Index MoM0.40%0.60%0.20%0.30%
2/25/2020S&P CoreLogic CS 20-City MoM SA0.40%0.43%0.48%0.47%
2/25/2020S&P CoreLogic CS 20-City YoY NSA2.85%2.85%2.55%2.54%
2/25/2020S&P CoreLogic CS 20-City NSA Index218.7218.68218.65
2/25/2020S&P CoreLogic CS US HPI YoY NSA3.60%3.75%3.54%3.46%
2/25/2020S&P CoreLogic CS US HPI NSA Index212.6212.56212.42
2/25/2020Conf. Board Consumer Confidence132.2130.7131.6130.4
2/25/2020Conf. Board Expectations107.8102.5101.4
2/25/2020Conf. Board Present Situation165.1175.3173.9
2/25/2020Richmond Fed Manufact. Index10-220
2/26/2020MBA Mortgage Applications-6.40%
2/26/2020New Home Sales715k694k
2/26/2020New Home Sales MoM3.00%-0.40%
2/27/2020GDP Annualized QoQ2.10%2.10%
2/27/2020Personal Consumption1.70%1.80%
2/27/2020GDP Price Index1.40%1.40%
2/27/2020Core PCE QoQ1.30%1.30%
2/27/2020Durable Goods Orders-1.50%2.40%
2/27/2020Durables Ex Transportation0.20%-0.10%
2/27/2020Cap Goods Orders Nondef Ex Air0.10%-0.80%
2/27/2020Cap Goods Ship Nondef Ex Air0.00%-0.30%
2/27/2020Initial Jobless Claims212k210k
2/27/2020Continuing Claims1722k1726k
2/27/2020Bloomberg Consumer Comfort65.6
2/27/2020Pending Home Sales MoM3.00%-4.90%
2/27/2020Pending Home Sales NSA YoY2.30%6.80%
2/27/2020Kansas City Fed Manf. Activity-1-1
2/28/2020Advance Goods Trade Balance-$68.5b-$68.3b
2/28/2020Wholesale Inventories MoM0.10%-0.20%
2/28/2020Retail Inventories MoM0.20%0.00%0.00%
2/28/2020Personal Income0.40%0.20%
2/28/2020Personal Spending0.30%0.30%
2/28/2020Real Personal Spending0.20%0.10%
2/28/2020PCE Deflator MoM0.20%0.30%
2/28/2020PCE Deflator YoY1.80%1.60%
2/28/2020PCE Core Deflator MoM0.20%0.20%
2/28/2020PCE Core Deflator YoY1.70%1.60%
2/28/2020MNI Chicago PMI4642.9
2/28/2020U. of Mich. Sentiment100.7100.9
2/28/2020U. of Mich. Current Conditions113.8
2/28/2020U. of Mich. Expectations92.6
2/28/2020U. of Mich. 1 Yr Inflation2.50%
2/28/2020U. of Mich. 5-10 Yr Inflation2.30%



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