May 17, 2019 Headlines

Treasury yields are lower this morning following news that the trade talks between the US and China have faltered. The Chinese have accused the US of playing “tricks to disrupt the atmosphere” and it looks talks will go on pause until the leaders of both countries meet next month at the Group of Twenty meeting. In the UK, the leader of Labour party walked out of talks with Prime Minister May’s Conservative party, essentially ending any chance that she’ll be able to get her Brexit plan passed in Parliament. Later this morning the market will digest the release of the Leading Index as well as the University of Michigan’s Consumer Sentiment Index on top of the recent trade news.    

Hafizan Hamzah
Director, Investment Management Group

5/14/2019NFIB Small Business Optimism102103.5101.8
5/14/2019Import Price Index MoM0.70%0.20%0.60%
5/14/2019Import Price Index ex Petroleum MoM0.20%-0.60%0.20%
5/14/2019Import Price Index YoY0.30%-0.20%0.00%0.10%
5/14/2019Export Price Index MoM0.60%0.20%0.70%0.60%
5/14/2019Export Price Index YoY0.30%0.60%
5/14/2019Mortgage Delinquencies4.42%4.06%
5/14/2019MBA Mortgage Foreclosures0.92%0.95%
5/15/2019MBA Mortgage Applications-0.60%2.70%
5/15/2019Retail sales lock-up Canceled– Data Released Live
5/15/2019Empire Manufacturing817.810.1
5/15/2019Retail Sales Advance MoM0.20%-0.20%1.60%1.70%
5/15/2019Retail Sales Ex Auto MoM0.70%0.10%1.20%1.30%
5/15/2019Retail Sales Ex Auto and Gas0.30%-0.20%0.90%1.10%
5/15/2019Retail Sales Control Group0.30%0.00%1.00%1.10%
5/15/2019Industrial Production MoM0.00%-0.50%-0.10%0.20%
5/15/2019Manufacturing (SIC) Production0.00%-0.50%0.00%
5/15/2019Capacity Utilization78.70%77.90%78.80%78.50%
5/15/2019NAHB Housing Market Index646663
5/15/2019Business Inventories0.00%0.00%0.30%
5/15/2019Net Long-term TIC Flows-$28.4b$51.9b
5/15/2019Total Net TIC Flows-$8.1b-$21.6b-$21.5b
5/16/2019Revisions: Housing Starts & Building Permits
5/16/2019Housing Starts1209k1235k1139k1168k
5/16/2019Housing Starts MoM6.20%5.70%-0.30%1.70%
5/16/2019Building Permits1289k1296k1269k1288k
5/16/2019Building Permits MoM0.10%0.60%-1.70%-0.20%
5/16/2019Philadelphia Fed Business Outlook916.68.5
5/16/2019Initial Jobless Claims220k212k228k
5/16/2019Continuing Claims1673k1660k1684k1688k
5/16/2019Bloomberg Consumer Comfort59.959.8
5/16/2019Revisions: Manufacturers’ Shipments, Inventories, Orders
5/17/2019Leading Index0.20%0.40%
5/17/2019U. of Mich. Sentiment97.297.2
5/17/2019U. of Mich. Current Conditions112.2112.3
5/17/2019U. of Mich. Expectations86.887.4
5/17/2019U. of Mich. 1 Yr Inflation2.50%
5/17/2019U. of Mich. 5-10 Yr Inflation2.30%





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