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

7/21/20Chicago Fed Nat Activity Index42.61
7/22/20MBA Mortgage Applications5.10%
7/22/20FHFA House Price Index MoM0.30%0.20%
7/22/20Existing Home Sales4.75m3.91m
7/22/20Existing Home Sales MoM21.50%-9.70%
7/23/20Initial Jobless Claims1290k1300k
7/23/20Continuing Claims17000k17338k
7/23/20Bloomberg Economic Expectations38
7/23/20Bloomberg Consumer Comfort44.3
7/23/20Leading Index2.10%2.80%
7/23/20Kansas City Fed Manf. Activity51
7/24/20Markit US Manufacturing PMI5249.8
7/24/20Markit US Services PMI5147.9
7/24/20Markit US Composite PMI47.9
7/24/20New Home Sales700k676k
7/24/20New Home Sales MoM3.60%16.60%


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