November 18, 2019 Headlines

Treasuries are little changed to start the week following a quiet weekend news cycle, particularly on the trade front. That said, Reuters is reporting that the White House is set to issue a 90-day extension that would allow U.S. companies to do business with Chinese telecom giant Huawei. Recall in May that Huawei was added to a Commerce Department list that restricts American companies from transacting with any of those entities. This week’s data calendar is relatively light. The minutes of the October 30 FOMC meeting will be released on Wednesday, and October housing starts (Tuesday) and existing home sales (Thursday) will also be released this week. A few Fed leaders will make public appearances this week, including John Williams (NY Fed) at the annual SIFMA conference tomorrow.

Jason Haley
Managing Director, Investment Management Group

11/18/2019NAHB Housing Market Index717071
11/18/2019Net Long-term TIC Flows-$41.1b
11/18/2019Total Net TIC Flows$70.5b
11/19/2019Housing Starts1320k1256k
11/19/2019Housing Starts MoM5.10%-9.40%
11/19/2019Building Permits MoM-0.60%-2.70%-2.40%
11/19/2019Building Permits1383k1387k1391k
11/20/2019MBA Mortgage Applications9.60%
11/20/2019FOMC Meeting Minutes
11/21/2019Philadelphia Fed Business Outlook65.6
11/21/2019Initial Jobless Claims218k225k
11/21/2019Continuing Claims1683k1683k
11/21/2019Bloomberg Consumer Comfort58
11/21/2019Bloomberg Economic Expectations49
11/21/2019Leading Index-0.20%-0.10%
11/21/2019Existing Home Sales5.49m5.38m
11/21/2019Existing Home Sales MoM2.00%-2.20%
11/22/2019Markit US Services PMI51.150.651
11/22/2019Markit US Manufacturing PMI51.451.3
11/22/2019Markit US Composite PMI50.9
11/22/2019U. of Mich. Sentiment95.795.7
11/22/2019U. of Mich. Current Conditions111.2110.9
11/22/2019U. of Mich. Expectations85.9
11/22/2019U. of Mich. 1 Yr Inflation2.50%
11/22/2019U. of Mich. 5-10 Yr Inflation2.40%
11/22/2019Kansas City Fed Manf. Activity-2-3




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