After the sharp decline in risk assets on Friday, overnight moves in European and US equities were tame with S&P 500 futures set to open -.13%. In rates, the US Treasury curve bear-steepened after positive economic data out of Europe which pushed the 3-month/10-year yield spread back into positive territory. Fed-speakers will be starting out on the speaking circuit this week as market participants continue to digest the recent FOMC meeting. In addition, the New York economic calendar is light today with the release of the Dallas Fed Manufacturing Activity.
Chris Eckhoff
Associate, Investment Management Group
| Date | Event | Surv(M) | Actual | Prior |
| 03/25/19 | Chicago Fed Nat Activity Index | -0.38 | -0.29 | -0.43 |
| 03/25/19 | Dallas Fed Manf. Activity | 8.9 | 8.3 | 13.1 |
| 03/26/19 | Housing Starts | 1210k | — | 1230k |
| 03/26/19 | Housing Starts MoM | -1.60% | — | 18.60% |
| 03/26/19 | Building Permits | 1305k | — | 1345k |
| 03/26/19 | Building Permits MoM | -0.90% | — | 1.40% |
| 03/26/19 | FHFA House Price Index MoM | 0.40% | — | 0.30% |
| 03/26/19 | S&P CoreLogic CS 20-City MoM SA | 0.30% | — | 0.19% |
| 03/26/19 | S&P CoreLogic CS 20-City YoY NSA | 3.80% | — | 4.18% |
| 03/26/19 | S&P CoreLogic CS 20-City NSA Index | 212.79 | — | 212.96 |
| 03/26/19 | S&P CoreLogic CS US HPI YoY NSA | — | — | 4.72% |
| 03/26/19 | S&P CoreLogic CS US HPI NSA Index | — | — | 205.35 |
| 03/26/19 | Richmond Fed Manufact. Index | 10 | — | 16 |
| 03/26/19 | Conf. Board Consumer Confidence | 132.5 | — | 131.4 |
| 03/26/19 | Conf. Board Present Situation | — | — | 173.5 |
| 03/26/19 | Conf. Board Expectations | — | — | 103.4 |
| 03/27/19 | MBA Mortgage Applications | — | — | 1.60% |
| 03/27/19 | Trade Balance | -$57.0b | — | -$59.8b |
| 03/27/19 | Current Account Balance | -$130.4b | — | -$124.8b |
| 03/27/19 | Revisions: Industrial Production and Capacity Utilization | |||
| 03/28/19 | GDP Annualized QoQ | 2.30% | — | 2.60% |
| 03/28/19 | Personal Consumption | 2.60% | — | 2.80% |
| 03/28/19 | GDP Price Index | 1.80% | — | 1.80% |
| 03/28/19 | Core PCE QoQ | 1.70% | — | 1.70% |
| 03/28/19 | Initial Jobless Claims | 220k | — | 221k |
| 03/28/19 | Continuing Claims | 1778k | — | 1750k |
| 03/28/19 | Bloomberg Consumer Comfort | — | — | 61.5 |
| 03/28/19 | Pending Home Sales MoM | -0.30% | — | 4.60% |
| 03/28/19 | Pending Home Sales NSA YoY | -3.00% | — | -3.20% |
| 03/28/19 | Kansas City Fed Manf. Activity | 0 | — | 1 |
| 03/29/19 | Personal Income | 0.30% | — | -0.10% |
| 03/29/19 | Personal Spending | 0.30% | — | -0.50% |
| 03/29/19 | Real Personal Spending | 0.30% | — | -0.60% |
| 03/29/19 | PCE Deflator MoM | 0.00% | — | 0.10% |
| 03/29/19 | PCE Deflator YoY | 1.40% | — | 1.70% |
| 03/29/19 | PCE Core MoM | 0.20% | — | 0.20% |
| 03/29/19 | PCE Core YoY | 1.90% | — | 1.90% |
| 03/29/19 | MNI Chicago PMI | 61 | — | 64.7 |
| 03/29/19 | New Home Sales | 620k | — | 607k |
| 03/29/19 | New Home Sales MoM | 2.10% | — | -6.90% |
| 03/29/19 | U. of Mich. Sentiment | 97.8 | — | 97.8 |
| 03/29/19 | U. of Mich. Current Conditions | — | — | 111.2 |
| 03/29/19 | U. of Mich. Expectations | — | — | 89.2 |
| 03/29/19 | U. of Mich. 1 Yr Inflation | — | — | 2.40% |
| 03/29/19 | U. of Mich. 5-10 Yr Inflation | — | — | 2.50% |