November 22, 2021 Headlines

Treasury yields are 2 to 3 basis points higher this morning as a risk on tone has taken hold of the market. Equities futures are up following signs that China’s central bank may initiate easing measures to help China’s slumping economy. In Europe, the euro continued to decline while equities ended the trading session in the red as rising COVID cases weighs on the continent. As a reminder, the market will be closed this Thursday for Thanksgiving and the following Friday is an early close (2 PM EST).

Hafizan Hamzah
Director, Investment Management Group

11/22/21Chicago Fed Nat Activity Index0.10.76-0.13-0.18
11/22/21Existing Home Sales6.20m6.29m
11/22/21Existing Home Sales MoM-1.40%7.00%
11/23/21Markit US Manufacturing PMI59.258.4
11/23/21Markit US Services PMI5958.7
11/23/21Markit US Composite PMI57.6
11/23/21Richmond Fed Manufact. Index1112
11/24/21MBA Mortgage Applications-2.80%
11/24/21Initial Jobless Claims260k268k
11/24/21Continuing Claims2033k2080k
11/24/21Advance Goods Trade Balance-$95.0b-$96.3b
11/24/21Wholesale Inventories MoM1.00%1.40%
11/24/21Retail Inventories MoM0.40%-0.20%
11/24/21GDP Annualized QoQ2.20%2.00%
11/24/21Personal Consumption1.60%1.60%
11/24/21GDP Price Index5.70%5.70%
11/24/21Core PCE QoQ4.50%4.50%
11/24/21Durable Goods Orders0.20%-0.30%
11/24/21Durables Ex Transportation0.50%0.50%
11/24/21Cap Goods Orders Nondef Ex Air0.50%0.80%
11/24/21Cap Goods Ship Nondef Ex Air0.50%1.40%
11/24/21Langer Consumer Comfort50.7
11/24/21Personal Income0.20%-1.00%
11/24/21Personal Spending1.00%0.60%
11/24/21Real Personal Spending0.60%0.30%
11/24/21PCE Deflator MoM0.70%0.30%
11/24/21PCE Deflator YoY5.10%4.40%
11/24/21PCE Core Deflator MoM0.40%0.20%
11/24/21PCE Core Deflator YoY4.10%3.60%
11/24/21U. of Mich. Sentiment66.966.8
11/24/21U. of Mich. Current Conditions73.2
11/24/21U. of Mich. Expectations62.8
11/24/21U. of Mich. 1 Yr Inflation4.90%
11/24/21U. of Mich. 5-10 Yr Inflation2.90%
11/24/21New Home Sales800k800k
11/24/21New Home Sales MoM0.00%14.00%
11/24/21FOMC Meeting Minutes


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