June 30, 2020 Headlines

The overnight session remained quiet heading into quarter-end with US Treasury prices essentially unchanged across the curve. Equity futures are currently pointing to a lower implied open with S&P 500 contracts down .21%. There are no major economic releases scheduled for today and the focus remains on Fed Chairman Powell’s upcoming testimony before the House Financial Services Committee. Lawmakers are expected to question the economic outlook as accelerating virus cases have obstructed the pace of reopening.

Chris Eckhoff
Associate, Investment Management Group

DateEventSurveyActualPriorRevised
6/29/2020Pending Home Sales MoM19.30%44.30%-21.80%
6/29/2020Pending Home Sales NSA YoY-21.30%-10.40%-34.60%
6/29/2020Dallas Fed Manf. Activity-21.4-6.1-49.2
6/30/2020S&P CoreLogic CS 20-City MoM SA0.50%0.33%0.47%0.49%
6/30/2020S&P CoreLogic CS 20-City YoY NSA3.80%3.98%3.92%3.91%
6/30/2020S&P CoreLogic CS 20-City NSA Index224.1224.08222.21222.17
6/30/2020S&P CoreLogic CS US HPI YoY NSA4.50%4.73%4.35%4.55%
6/30/2020S&P CoreLogic CS US HPI NSA Index217.72214.96215.35
6/30/2020MNI Chicago PMI4536.632.3
6/30/2020Conf. Board Consumer Confidence91.598.186.685.9
6/30/2020Conf. Board Present Situation86.271.168.4
6/30/2020Conf. Board Expectations10696.997.6
7/1/2020MBA Mortgage Applications-8.70%
7/1/2020Challenger Job Cuts YoY577.80%
7/1/2020ADP Employment Change2850k-2760k
7/1/2020Markit US Manufacturing PMI49.649.6
7/1/2020ISM Manufacturing49.743.1
7/1/2020ISM New Orders51.931.8
7/1/2020ISM Prices Paid44.640.8
7/1/2020ISM Employment32.1
7/1/2020Construction Spending MoM1.00%-2.90%
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
7/2/2020Change in Nonfarm Payrolls3074k2509k
7/2/2020Change in Private Payrolls3000k3094k
7/2/2020Change in Manufact. Payrolls425k225k
7/2/2020Unemployment Rate12.50%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 Claims1350k1480k
7/2/2020Continuing Claims19000k19522k
7/2/2020Trade Balance-$53.1b-$49.4b
7/2/2020Bloomberg Consumer Comfort41.4
7/2/2020Factory Orders8.60%-13.00%
7/2/2020Factory Orders Ex Trans-8.50%
7/2/2020Durable Goods Orders15.80%15.80%
7/2/2020Durables Ex Transportation4.00%4.00%
7/2/2020Cap Goods Orders Nondef Ex Air2.30%2.30%
7/2/2020Cap Goods Ship Nondef Ex Air1.80%

 

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