May 21, 2019 Headlines

Treasury yields are slightly higher this morning as risk assets performed well in the overnight session. News broke that the US decided to grant a limited 3-month relief for consumers and carriers that use Huawei Technologies. This decision came after the Chinese telecom giant became blacklisted on Friday. The New York economic calendar is light today with the only expected release being Existing Home Sales. However, later in the week, investors will receive the FOMC minutes and Durable Goods on Friday.

Chris Eckhoff
Associate, Investment Management Group

5/20/2019Chicago Fed Nat Activity Index-0.2-0.45-0.150.05
5/21/2019Existing Home Sales5.35m5.19m5.21m
5/21/2019Existing Home Sales MoM2.70%-0.40%-4.90%
5/22/2019MBA Mortgage Applications-0.60%
5/22/2019FOMC Meeting Minutes
5/23/2019Initial Jobless Claims215k212k
5/23/2019Continuing Claims1667k1660k
5/23/2019Bloomberg Consumer Comfort59.9
5/23/2019Bloomberg Economic Expectations50
5/23/2019Markit US Manufacturing PMI52.652.6
5/23/2019Markit US Services PMI53.553
5/23/2019Markit US Composite PMI53
5/23/2019New Home Sales675k692k
5/23/2019New Home Sales MoM-2.50%4.50%
5/23/2019Kansas City Fed Manf. Activity65
5/24/2019Durable Goods Orders-2.00%2.60%
5/24/2019Durables Ex Transportation0.10%0.30%
5/24/2019Cap Goods Orders Nondef Ex Air-0.30%1.40%
5/24/2019Cap Goods Ship Nondef Ex Air-0.10%0.00%





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