January 22, 2020 Headlines

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.

Jason Haley
Chief Investment Officer

Date	Event	Survey	Actual	Prior	Revised
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	Continuing Claims	1750k	—	1767k	—
1/23/2020	Bloomberg Economic Expectations	—	—	56.5	—
1/23/2020	Bloomberg Consumer Comfort	—	—	66	—
1/23/2020	Leading Index	-0.20%	—	0.00%	—
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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