July 20, 2020 Headlines

Treasury prices are edging higher this morning following a relatively quiet weekend from a news perspective, and U.S. equity futures are slightly lower ahead of the open. On the virus, markets are awaiting the results of the Oxford vaccine study today, and New York City is set to enter phase four of its reopening plan today. The economic calendar for this week is very light and mostly uneventful. There are no data releases today, and we’ve entered the blackout period for Fed leader appearances ahead of the July 29 FOMC meeting.

Jason Haley
Chief Investment Officer

Date	Event	Survey	Actual	Prior	Revised
7/21/20	Chicago Fed Nat Activity Index	4	—	2.61	—
7/22/20	MBA Mortgage Applications	—	—	5.10%	—
7/22/20	FHFA House Price Index MoM	0.30%	—	0.20%	—
7/22/20	Existing Home Sales	4.75m	—	3.91m	—
7/22/20	Existing Home Sales MoM	21.50%	—	-9.70%	—
7/23/20	Initial Jobless Claims	1290k	—	1300k	—
7/23/20	Continuing Claims	17000k	—	17338k	—
7/23/20	Bloomberg Economic Expectations	—	—	38	—
7/23/20	Bloomberg Consumer Comfort	—	—	44.3	—
7/23/20	Leading Index	2.10%	—	2.80%	—
7/23/20	Kansas City Fed Manf. Activity	5	—	1	—
7/24/20	Markit US Manufacturing PMI	52	—	49.8	—
7/24/20	Markit US Services PMI	51	—	47.9	—
7/24/20	Markit US Composite PMI	—	—	47.9	—
7/24/20	New Home Sales	700k	—	676k	—
7/24/20	New Home Sales MoM	3.60%	—	16.60%	—

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