November 26, 2019 Headlines

Treasury prices are slightly higher this morning ahead of the upcoming auctions and equities are little changed from yesterdays close. Overnight, China released comments that trade negotiators “reached consensus” on certain issues and agreed to remain in contact for the remaining points. December 15th is the unofficial deadline for a phase one trade deal as President Trump has threatened to impose an additional 15% tariffs on approximately $160bln in imports from China.

Chris Eckhoff
Associate, Investment Management Group

11/25/2019Chicago Fed Nat Activity Index-0.2-0.71-0.45
11/25/2019Dallas Fed Manf. Activity-3.8-1.3-5.1
11/26/2019Advance Goods Trade Balance-$71.0b-$66.5b-$70.4b-$70.5b
11/26/2019Retail Inventories MoM0.10%0.30%0.30%0.20%
11/26/2019Wholesale Inventories MoM0.20%0.20%-0.40%-0.70%
11/26/2019House Price Purchase Index QoQ1.00%
11/26/2019FHFA House Price Index MoM0.30%0.20%
11/26/2019S&P CoreLogic CS 20-City MoM SA0.30%-0.16%
11/26/2019S&P CoreLogic CS 20-City YoY NSA2.01%2.03%
11/26/2019S&P CoreLogic CS 20-City NSA Index218.14
11/26/2019S&P CoreLogic CS US HPI YoY NSA3.25%3.17%
11/26/2019S&P CoreLogic CS US HPI NSA Index212.06
11/26/2019Richmond Fed Manufact. Index58
11/26/2019New Home Sales705k701k
11/26/2019New Home Sales MoM0.60%-0.70%
11/26/2019Conf. Board Consumer Confidence127125.9
11/26/2019Conf. Board Present Situation172.3
11/26/2019Conf. Board Expectations94.9
11/27/2019MBA Mortgage Applications-2.20%
11/27/2019GDP Annualized QoQ1.90%1.90%
11/27/2019Personal Consumption2.80%2.90%
11/27/2019GDP Price Index1.70%1.70%
11/27/2019Core PCE QoQ2.20%2.20%
11/27/2019Durable Goods Orders-0.90%-1.20%
11/27/2019Durables Ex Transportation0.10%-0.40%
11/27/2019Cap Goods Orders Nondef Ex Air-0.20%-0.60%
11/27/2019Cap Goods Ship Nondef Ex Air-0.20%-0.70%
11/27/2019Initial Jobless Claims221k227k
11/27/2019Continuing Claims1691k1695k
11/27/2019MNI Chicago PMI4743.2
11/27/2019Bloomberg Consumer Comfort59.1
11/27/2019Personal Income0.30%0.30%
11/27/2019Personal Spending0.30%0.20%
11/27/2019Real Personal Spending0.00%0.20%
11/27/2019PCE Deflator MoM0.30%0.00%
11/27/2019PCE Deflator YoY1.40%1.30%
11/27/2019PCE Core Deflator MoM0.10%0.00%
11/27/2019PCE Core Deflator YoY1.70%1.70%
11/27/2019Pending Home Sales MoM0.20%1.50%
11/27/2019Pending Home Sales NSA YoY6.00%6.30%
11/27/2019U.S. Federal Reserve Releases Beige Book


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