January 27, 2020 Headlines

Friday’s risk-off sentiment continued over the weekend as concerns surrounding the coronavirus intensified. To combat the virus, the Chinese government has expanded travel restrictions to now 17 cities and extended the Lunar New Year holiday to February 2nd. Also adding fuel to the fire, German Ifo business sentiment regressed compared to consensus expectations of a robust turnaround. The Ifo index surveys manufacturers, wholesalers, and retailers to measure businesses climate forecasts for the next six months.  At the open, the 10-year US Treasury yields 1.61% (-7bps) and the S&P 500 is down 1.72%.

Chris Eckhoff
Associate, Investment Management Group

Date Event Survey Actual Prior Revised
1/27/2020 New Home Sales 730k 694k 719k 697k
1/27/2020 New Home Sales MoM 1.50% -0.40% 1.30% -1.10%
1/27/2020 Dallas Fed Manf. Activity -2 -0.2 -3.2
1/28/2020 Durable Goods Orders 0.40% -2.10%
1/28/2020 Durables Ex Transportation 0.30% -0.10%
1/28/2020 Cap Goods Orders Nondef Ex Air 0.10% 0.20%
1/28/2020 Cap Goods Ship Nondef Ex Air 0.20% -0.30%
1/28/2020 S&P CoreLogic CS US HPI YoY NSA 3.34%
1/28/2020 S&P CoreLogic CS US HPI NSA Index 212.43
1/28/2020 S&P CoreLogic CS 20-City YoY NSA 2.40% 2.23%
1/28/2020 S&P CoreLogic CS 20-City MoM SA 0.40% 0.43%
1/28/2020 S&P CoreLogic CS 20-City NSA Index 218.43
1/28/2020 Conf. Board Consumer Confidence 128 126.5
1/28/2020 Conf. Board Expectations 97.4
1/28/2020 Conf. Board Present Situation 170
1/28/2020 Richmond Fed Manufact. Index -3 -5
1/29/2020 MBA Mortgage Applications -1.20%
1/29/2020 Advance Goods Trade Balance -$65.0b -$63.2b
1/29/2020 Wholesale Inventories MoM 0.10% -0.10%
1/29/2020 Retail Inventories MoM 0.10% -0.70% -0.80%
1/29/2020 Pending Home Sales MoM 0.50% 1.20%
1/29/2020 Pending Home Sales NSA YoY 10.30% 5.60%
1/29/2020 FOMC Rate Decision (Upper Bound) 1.75% 1.75%
1/29/2020 FOMC Rate Decision (Lower Bound) 1.50% 1.50%
1/29/2020 Interest Rate on Excess Reserves 1.55% 1.55%
1/30/2020 GDP Annualized QoQ 2.10% 2.10%
1/30/2020 Personal Consumption 2.00% 3.20%
1/30/2020 GDP Price Index 1.80% 1.80%
1/30/2020 Core PCE QoQ 1.60% 2.10%
1/30/2020 Initial Jobless Claims 215k 211k
1/30/2020 Continuing Claims 1738k 1731k
1/30/2020 Bloomberg Consumer Comfort 66
1/31/2020 PCE Core Deflator MoM 0.10% 0.10%
1/31/2020 Employment Cost Index 0.70% 0.70%
1/31/2020 Personal Income 0.30% 0.50%
1/31/2020 Personal Spending 0.30% 0.40%
1/31/2020 Real Personal Spending 0.10% 0.30%
1/31/2020 PCE Deflator MoM 0.20% 0.20%
1/31/2020 PCE Deflator YoY 1.60% 1.50%
1/31/2020 PCE Core Deflator YoY 1.60% 1.60%
1/31/2020 MNI Chicago PMI 49 48.9 48.2
1/31/2020 U. of Mich. Sentiment 99.1 99.1
1/31/2020 U. of Mich. Current Conditions 115.8
1/31/2020 U. of Mich. Expectations 88.3
1/31/2020 U. of Mich. 1 Yr Inflation 2.50%
1/31/2020 U. of Mich. 5-10 Yr Inflation 2.50%

 

 

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