June 29, 2020 Headlines

Financial markets are relatively quiet to start the week. Treasury prices are little changed across the curve, and S&P 500 futures are currently up 0.3%. The trading week will be shortened in observance of Independence Day, with the bond market closed Friday (early close on Thursday), and activity should be muted following month-end rebalancing trades. Given Friday’s market close, the release of the June jobs report will be moved up to Thursday morning. On Wednesday, Fed Chair Jerome Powell and Treasury Secretary Steven Mnuchin will testify before the House Financial Services Committee about the COVID-19 response by their respective institution/department.

Jason Haley
Chief Investment Officer

DateEventSurveyActualPriorRevised
6/29/2020Pending Home Sales MoM19.30%-21.80%
6/29/2020Pending Home Sales NSA YoY-21.30%-34.60%
6/29/2020Dallas Fed Manf. Activity-21.4-49.2
6/30/2020S&P CoreLogic CS 20-City MoM SA0.50%0.47%
6/30/2020S&P CoreLogic CS 20-City YoY NSA3.70%3.92%
6/30/2020S&P CoreLogic CS 20-City NSA Index222.21
6/30/2020S&P CoreLogic CS US HPI YoY NSA4.50%4.35%
6/30/2020S&P CoreLogic CS US HPI NSA Index214.96
6/30/2020MNI Chicago PMI4432.3
6/30/2020Conf. Board Consumer Confidence90.586.6
6/30/2020Conf. Board Expectations96.9
6/30/2020Conf. Board Present Situation71.1
7/1/2020MBA Mortgage Applications-8.70%
7/1/2020Challenger Job Cuts YoY577.80%
7/1/2020ADP Employment Change2950k-2760k
7/1/2020Markit US Manufacturing PMI49.649.6
7/1/2020Construction Spending MoM0.90%-2.90%
7/1/2020ISM Manufacturing49.543.1
7/1/2020ISM New Orders51.931.8
7/1/2020ISM Prices Paid4540.8
7/1/2020ISM Employment32.1
7/1/2020Revisions: Construction Spending
7/1/2020FOMC Meeting Minutes
7/1/2020Wards Total Vehicle Sales13.00m12.21m
7/2/2020Two-Month Payroll Net Revision
7/2/2020Trade Balance-$53.0b-$49.4b
7/2/2020Change in Nonfarm Payrolls3000k2509k
7/2/2020Change in Private Payrolls2519k3094k
7/2/2020Change in Manufact. Payrolls425k225k
7/2/2020Unemployment Rate12.40%13.30%
7/2/2020Average Weekly Hours All Employees34.534.7
7/2/2020Average Hourly Earnings MoM-0.80%-1.00%
7/2/2020Average Hourly Earnings YoY5.30%6.70%
7/2/2020Labor Force Participation Rate61.20%60.80%
7/2/2020Underemployment Rate21.20%
7/2/2020Initial Jobless Claims1336k1480k
7/2/2020Continuing Claims18904k19522k
7/2/2020Bloomberg Consumer Comfort41.4
7/2/2020Durables Ex Transportation4.00%4.00%
7/2/2020Factory Orders7.90%-13.00%
7/2/2020Factory Orders Ex Trans-8.50%
7/2/2020Durable Goods Orders15.80%15.80%
7/2/2020Cap Goods Orders Nondef Ex Air2.30%2.30%
7/2/2020Cap Goods Ship Nondef Ex Air1.80%

 

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