June 10, 2019 Headlines

President Trump’s announcement to suspend tariffs on Mexico sparked a risk-on rally pushing the S&P500 up +.59% and yields 3-4bps higher across the curve. The economic calendar is light today with only the JOLTS Job Openings on the schedule. Later in the week, investors are looking forward to CPI on Wednesday, and Retail Sales Friday. In addition, we have enter the blackout period for Fed speakers as the next FOMC meeting is scheduled for June 19th.

Chris Eckhoff
Associate, Investment Management Group

6/10/2019JOLTS Job Openings74967488
6/11/2019NFIB Small Business Optimism102103.5
6/11/2019PPI Final Demand MoM0.10%0.20%
6/11/2019PPI Ex Food and Energy MoM0.20%0.10%
6/11/2019PPI Ex Food, Energy, Trade MoM0.20%0.40%
6/11/2019PPI Final Demand YoY2.00%2.20%
6/11/2019PPI Ex Food and Energy YoY2.30%2.40%
6/11/2019PPI Ex Food, Energy, Trade YoY2.20%
6/12/2019MBA Mortgage Applications1.50%
6/12/2019CPI MoM0.10%0.30%
6/12/2019CPI Ex Food and Energy MoM0.20%0.10%
6/12/2019CPI YoY1.90%2.00%
6/12/2019CPI Ex Food and Energy YoY2.10%2.10%
6/12/2019CPI Core Index SA262.28261.735
6/12/2019CPI Index NSA256.18255.548
6/12/2019Real Avg Hourly Earning YoY1.20%
6/12/2019Real Avg Weekly Earnings YoY0.90%
6/12/2019Monthly Budget Statement-$202.0b$160.3b
6/13/2019Import Price Index MoM-0.20%0.20%
6/13/2019Import Price Index ex Petroleum MoM-0.20%-0.60%
6/13/2019Import Price Index YoY-1.30%-0.20%
6/13/2019Export Price Index MoM-0.20%0.20%
6/13/2019Export Price Index YoY0.30%
6/13/2019Initial Jobless Claims215k218k
6/13/2019Continuing Claims1668k1682k
6/13/2019Bloomberg June United States Economic Survey
6/13/2019Bloomberg Consumer Comfort61.7
6/14/2019Retail Sales Advance MoM0.60%-0.20%
6/14/2019Retail Sales Ex Auto MoM0.40%0.10%
6/14/2019Retail Sales Ex Auto and Gas0.40%-0.20%
6/14/2019Retail Sales Control Group0.40%0.00%
6/14/2019Industrial Production MoM0.20%-0.50%
6/14/2019Manufacturing (SIC) Production0.20%-0.50%
6/14/2019Capacity Utilization78.00%77.90%
6/14/2019U. of Mich. Sentiment98100
6/14/2019U. of Mich. Current Conditions109110
6/14/2019U. of Mich. Expectations9293.5
6/14/2019U. of Mich. 1 Yr Inflation2.90%
6/14/2019U. of Mich. 5-10 Yr Inflation2.60%
6/14/2019Business Inventories0.50%0.00%


















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