Global markets were calmer overnight following yesterday’s sell off fueled by coronavirus concerns. S&P 500 futures are up 0.38%, and Treasury yields are drifting modestly higher. The impeachment trial continues today, but financial markets still aren’t reacting in any material way at this point. In a Fox Business interview yesterday, President Trump said that a new “middle class tax cut” will be announced in the next 90 days, and the president also threatened new 225% tariffs on cars from the European Union if a deal is not struck between the two parties.
Chief Investment Officer
|1/22/2020||MBA Mortgage Applications||—||-1.20%||30.20%||—|
|1/22/2020||Chicago Fed Nat Activity Index||0.13||-0.35||0.56||0.41|
|1/22/2020||FHFA House Price Index MoM||0.30%||0.20%||0.20%||0.40%|
|1/22/2020||Existing Home Sales||5.43m||—||5.35m||—|
|1/22/2020||Existing Home Sales MoM||1.50%||—||-1.70%||—|
|1/23/2020||Initial Jobless Claims||214k||—||204k||—|
|1/23/2020||Bloomberg Economic Expectations||—||—||56.5||—|
|1/23/2020||Bloomberg Consumer Comfort||—||—||66||—|
|1/23/2020||Revisions – LEI|
|1/23/2020||Kansas City Fed Manf. Activity||-6||—||-8||—|
|1/24/2020||Markit US Services PMI||53||—||52.8||—|
|1/24/2020||Markit US Composite PMI||—||—||52.7||—|
|1/24/2020||Markit US Manufacturing PMI||52.5||—||52.4||—|
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