The curve is essentially unchanged this morning while equity futures are higher following the news that the General Services Administration stated that the President-elect could start the transition process. While Biden’s team had already begun an informal process, the GSA’s recent announcement now grants them access to federal agencies, which they had previously been barred from. This news brought provided more clarity, which markets tend to appreciate.
Risk assets also received a boost with reports surfacing that for Fed Chair Janet Yellen may become the next Treasury Secretary. Her recent statements that the recovery could be choppy without fiscal stimulus are giving investors hope that a new round of aid will be granted.
Hafizan Hamzah
Director, Investment Management Group
Date Time | Event | Survey | Actual | Prior | Revised |
11/23/2020 | Chicago Fed Nat Activity Index | 0.27 | 0.83 | 0.27 | 0.32 |
11/23/2020 | Markit US Manufacturing PMI | 53 | 56.7 | 53.4 | — |
11/23/2020 | Markit US Services PMI | 55 | 57.7 | 56.9 | — |
11/23/2020 | Markit US Composite PMI | — | 57.9 | 56.3 | — |
11/24/2020 | FHFA House Price Index MoM | 0.80% | 1.70% | 1.50% | — |
11/24/2020 | House Price Purchase Index QoQ | — | 3.10% | 0.80% | 1.00% |
11/24/2020 | S&P CoreLogic CS 20-City MoM SA | 0.70% | 1.27% | 0.47% | 1.35% |
11/24/2020 | S&P CoreLogic CS 20-City YoY NSA | 5.30% | 6.57% | 5.18% | 5.33% |
11/24/2020 | S&P CoreLogic CS 20-City NSA Index | — | 232.53 | 229.35 | 229.68 |
11/24/2020 | S&P CoreLogic CS US HPI YoY NSA | — | 6.96% | 5.71% | 5.81% |
11/24/2020 | S&P CoreLogic CS US HPI NSA Index | — | 226.8 | 223.97 | 224.2 |
11/24/2020 | Conf. Board Consumer Confidence | 98 | 96.1 | 100.9 | 101.4 |
11/24/2020 | Conf. Board Present Situation | — | 105.9 | 104.6 | 106.2 |
11/24/2020 | Conf. Board Expectations | — | 89.5 | 98.4 | 98.2 |
11/24/2020 | Richmond Fed Manufact. Index | 20 | 15 | 29 | — |
11/25/2020 | MBA Mortgage Applications | — | — | -0.30% | — |
11/25/2020 | Initial Jobless Claims | 730k | — | 742k | — |
11/25/2020 | Continuing Claims | 6000k | — | 6372k | — |
11/25/2020 | Advance Goods Trade Balance | -$80.4b | — | -$79.4b | — |
11/25/2020 | Wholesale Inventories MoM | 0.40% | — | 0.40% | — |
11/25/2020 | Retail Inventories MoM | 0.60% | — | 1.60% | — |
11/25/2020 | GDP Annualized QoQ | 33.10% | — | 33.10% | — |
11/25/2020 | Personal Consumption | 40.90% | — | 40.70% | — |
11/25/2020 | GDP Price Index | 3.60% | — | 3.60% | — |
11/25/2020 | Core PCE QoQ | 3.50% | — | 3.50% | — |
11/25/2020 | Durable Goods Orders | 0.90% | — | 1.90% | — |
11/25/2020 | Durables Ex Transportation | 0.50% | — | 0.90% | — |
11/25/2020 | Cap Goods Orders Nondef Ex Air | 0.50% | — | 1.00% | — |
11/25/2020 | Cap Goods Ship Nondef Ex Air | 0.40% | — | 0.50% | — |
11/25/2020 | Bloomberg Consumer Comfort | — | — | 49.8 | — |
11/25/2020 | Personal Income | -0.10% | — | 0.90% | — |
11/25/2020 | Personal Spending | 0.40% | — | 1.40% | — |
11/25/2020 | Real Personal Spending | 0.30% | — | 1.20% | — |
11/25/2020 | PCE Deflator MoM | 0.00% | — | 0.20% | — |
11/25/2020 | PCE Deflator YoY | 1.20% | — | 1.40% | — |
11/25/2020 | PCE Core Deflator MoM | 0.00% | — | 0.20% | — |
11/25/2020 | PCE Core Deflator YoY | 1.40% | — | 1.50% | — |
11/25/2020 | U. of Mich. Sentiment | 77 | — | 77 | — |
11/25/2020 | U. of Mich. Current Conditions | — | — | 85.8 | — |
11/25/2020 | U. of Mich. Expectations | — | — | 71.3 | — |
11/25/2020 | U. of Mich. 1 Yr Inflation | — | — | 2.80% | — |
11/25/2020 | U. of Mich. 5-10 Yr Inflation | — | — | 2.60% | — |
11/25/2020 | New Home Sales | 975k | — | 959k | — |
11/25/2020 | New Home Sales MoM | 1.70% | — | -3.50% | — |
11/25/2020 | FOMC Meeting Minutes | — | — | — | — |
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