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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