May 26, 2020 Headlines

U.S. equity futures are up nearly 2% ahead of the open, and Treasury yields are higher and steeper to start the holiday-shortened week. Contributing to improved sentiment today are 1) more positive announcements on the vaccine/treatment front, 2) further lockdown easements in Germany and the U.K., and 3) no negative U.S./China headlines. This week’s economic calendar is headlined by the April personal income/spending reports (Friday), and Fed Chair Powell will participate in another moderated virtual discussion on Friday.

Jason Haley
Chief Investment Officer

Date Event Survey Actual Prior Revised
5/26/2020 Chicago Fed Nat Activity Index -3.5 -16.74 -4.19 -4.97
5/26/2020 House Price Purchase Index QoQ 1.30%
5/26/2020 FHFA House Price Index MoM 0.50% 0.70%
5/26/2020 S&P CoreLogic CS 20-City MoM SA 0.30% 0.45%
5/26/2020 S&P CoreLogic CS 20-City YoY NSA 3.44% 3.47%
5/26/2020 S&P CoreLogic CS 20-City NSA Index 219.75
5/26/2020 S&P CoreLogic CS US HPI YoY NSA 4.16%
5/26/2020 S&P CoreLogic CS US HPI NSA Index 213.16
5/26/2020 Revisions: New Home Sales
5/26/2020 New Home Sales 480k 627k
5/26/2020 New Home Sales MoM -23.40% -15.40%
5/26/2020 Conf. Board Consumer Confidence 87 86.9
5/26/2020 Conf. Board Expectations 93.8
5/26/2020 Conf. Board Present Situation 76.4
5/26/2020 Dallas Fed Manf. Activity -61 -73.7
5/27/2020 MBA Mortgage Applications -2.60%
5/27/2020 Richmond Fed Manufact. Index -40 -53
5/27/2020 U.S. Federal Reserve Releases Beige Book
5/28/2020 GDP Annualized QoQ -4.80% -4.80%
5/28/2020 Personal Consumption -7.50% -7.60%
5/28/2020 GDP Price Index 1.30% 1.30%
5/28/2020 Core PCE QoQ 1.80% 1.80%
5/28/2020 Durable Goods Orders -20.00% -14.70%
5/28/2020 Durables Ex Transportation -15.00% -0.40%
5/28/2020 Cap Goods Orders Nondef Ex Air -10.00% -0.10%
5/28/2020 Cap Goods Ship Nondef Ex Air -10.00% -0.20%
5/28/2020 Initial Jobless Claims 2100k 2438k
5/28/2020 Continuing Claims 25750k 25073k
5/28/2020 Bloomberg Consumer Comfort 34.7
5/28/2020 Pending Home Sales MoM -15.00% -20.80%
5/28/2020 Pending Home Sales NSA YoY -14.50%
5/28/2020 Kansas City Fed Manf. Activity -22 -30
5/29/2020 Advance Goods Trade Balance -$65.0b -$64.2b -$64.4b
5/29/2020 Wholesale Inventories MoM -0.60% -0.80%
5/29/2020 Retail Inventories MoM 0.90%
5/29/2020 Personal Income -6.50% -2.00%
5/29/2020 Personal Spending -13.00% -7.50%
5/29/2020 Real Personal Spending -12.30% -7.30%
5/29/2020 PCE Deflator MoM -0.60% -0.30%
5/29/2020 PCE Deflator YoY 0.50% 1.30%
5/29/2020 PCE Core Deflator MoM -0.30% -0.10%
5/29/2020 PCE Core Deflator YoY 1.10% 1.70%
5/29/2020 MNI Chicago PMI 40 35.4
5/29/2020 U. of Mich. Sentiment 74 73.7
5/29/2020 U. of Mich. Current Conditions 83
5/29/2020 U. of Mich. Expectations 67.7
5/29/2020 U. of Mich. 1 Yr Inflation 3.00%
5/29/2020 U. of Mich. 5-10 Yr Inflation 2.60%

 

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