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

DateEventSurveyActualPriorRevised
5/26/2020Chicago Fed Nat Activity Index-3.5-16.74-4.19-4.97
5/26/2020House Price Purchase Index QoQ1.30%
5/26/2020FHFA House Price Index MoM0.50%0.70%
5/26/2020S&P CoreLogic CS 20-City MoM SA0.30%0.45%
5/26/2020S&P CoreLogic CS 20-City YoY NSA3.44%3.47%
5/26/2020S&P CoreLogic CS 20-City NSA Index219.75
5/26/2020S&P CoreLogic CS US HPI YoY NSA4.16%
5/26/2020S&P CoreLogic CS US HPI NSA Index213.16
5/26/2020Revisions: New Home Sales
5/26/2020New Home Sales480k627k
5/26/2020New Home Sales MoM-23.40%-15.40%
5/26/2020Conf. Board Consumer Confidence8786.9
5/26/2020Conf. Board Expectations93.8
5/26/2020Conf. Board Present Situation76.4
5/26/2020Dallas Fed Manf. Activity-61-73.7
5/27/2020MBA Mortgage Applications-2.60%
5/27/2020Richmond Fed Manufact. Index-40-53
5/27/2020U.S. Federal Reserve Releases Beige Book
5/28/2020GDP Annualized QoQ-4.80%-4.80%
5/28/2020Personal Consumption-7.50%-7.60%
5/28/2020GDP Price Index1.30%1.30%
5/28/2020Core PCE QoQ1.80%1.80%
5/28/2020Durable Goods Orders-20.00%-14.70%
5/28/2020Durables Ex Transportation-15.00%-0.40%
5/28/2020Cap Goods Orders Nondef Ex Air-10.00%-0.10%
5/28/2020Cap Goods Ship Nondef Ex Air-10.00%-0.20%
5/28/2020Initial Jobless Claims2100k2438k
5/28/2020Continuing Claims25750k25073k
5/28/2020Bloomberg Consumer Comfort34.7
5/28/2020Pending Home Sales MoM-15.00%-20.80%
5/28/2020Pending Home Sales NSA YoY-14.50%
5/28/2020Kansas City Fed Manf. Activity-22-30
5/29/2020Advance Goods Trade Balance-$65.0b-$64.2b-$64.4b
5/29/2020Wholesale Inventories MoM-0.60%-0.80%
5/29/2020Retail Inventories MoM0.90%
5/29/2020Personal Income-6.50%-2.00%
5/29/2020Personal Spending-13.00%-7.50%
5/29/2020Real Personal Spending-12.30%-7.30%
5/29/2020PCE Deflator MoM-0.60%-0.30%
5/29/2020PCE Deflator YoY0.50%1.30%
5/29/2020PCE Core Deflator MoM-0.30%-0.10%
5/29/2020PCE Core Deflator YoY1.10%1.70%
5/29/2020MNI Chicago PMI4035.4
5/29/2020U. of Mich. Sentiment7473.7
5/29/2020U. of Mich. Current Conditions83
5/29/2020U. of Mich. Expectations67.7
5/29/2020U. of Mich. 1 Yr Inflation3.00%
5/29/2020U. of Mich. 5-10 Yr Inflation2.60%

 

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