June 29, 2021 Headlines

Concerns over the delta Covid variant are causing a mild risk-off tone in global markets, but Treasury yields are slightly higher and steeper on the day. Trading activity in U.S. markets should lighten as the week progresses and we move closer to the July 4th holiday. April home price data will be released later this morning, and the Fedspeak calendar is relatively light for the rest of the week.

Jason Haley
Chief Investment Officer

06/28/21Dallas Fed Manf. Activity32.531.134.9
06/29/21FHFA House Price Index MoM1.60%1.80%1.40%1.60%
06/29/21S&P CoreLogic CS 20-City MoM SA1.80%1.62%1.60%1.59%
06/29/21S&P CoreLogic CS 20-City YoY NSA14.70%14.88%13.27%13.36%
06/29/21S&P CoreLogic CS US HPI YoY NSA14.59%13.19%13.32%
06/29/21Conf. Board Consumer Confidence119117.2
06/29/21Conf. Board Present Situation144.3
06/29/21Conf. Board Expectations99.1
06/30/21MBA Mortgage Applications2.10%
06/30/21ADP Employment Change600k978k
06/30/21MNI Chicago PMI7075.2
06/30/21Pending Home Sales MoM-1.00%-4.40%
06/30/21Pending Home Sales NSA YoY53.50%
07/01/21Challenger Job Cuts YoY-93.80%
07/01/21Initial Jobless Claims386k411k
07/01/21Continuing Claims3340k3390k
07/01/21Langer Consumer Comfort56.9
07/01/21Markit US Manufacturing PMI62.662.6
07/01/21Construction Spending MoM0.40%0.20%
07/01/21ISM Manufacturing6161.2
07/01/21ISM Prices Paid8688
07/01/21ISM New Orders67
07/01/21ISM Employment50.9
07/01/21Wards Total Vehicle Sales16.50m16.99m
07/02/21Change in Nonfarm Payrolls700k559k
07/02/21Two-Month Payroll Net Revision27k
07/02/21Change in Private Payrolls610k492k
07/02/21Change in Manufact. Payrolls25k23k
07/02/21Unemployment Rate5.60%5.80%
07/02/21Average Hourly Earnings YoY3.60%2.00%
07/02/21Average Weekly Hours All Employees34.934.9
07/02/21Average Hourly Earnings MoM0.40%0.50%
07/02/21Labor Force Participation Rate61.70%61.60%
07/02/21Underemployment Rate10.20%
07/02/21Trade Balance-$71.3b-$68.9b
07/02/21Factory Orders1.60%-0.60%
07/02/21Factory Orders Ex Trans0.50%
07/02/21Durable Goods Orders2.30%
07/02/21Durables Ex Transportation0.30%
07/02/21Cap Goods Orders Nondef Ex Air-0.10%
07/02/21Cap Goods Ship Nondef Ex Air0.90%

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