November 30, 2021 Headlines

Treasuries are rallying this morning on concerns of COVID vaccines against the new omicron strain. The 10-year is down to 1.43% while equity futures are in the red. Moderna CEO Stephane Bancel stated the new vaccines may be necessary to immunize against the omicron variant. He further stated that it would take months to develop and distribute the new vaccines. Chairman Powell also discussed the new variant in his prepared Senate testimony, stating that omicron poses downside risk to employment and economic activity as well increasing uncertainty around inflation.

Hafizan Hamzah
Director, Investment Management Group

DateEventSurveyActualPriorRevised
11/29/2021Pending Home Sales MoM1.00%7.50%-2.30%-2.40%
11/29/2021Pending Home Sales NSA YoY-4.70%-7.20%-7.30%
11/29/2021Dallas Fed Manf. Activity1511.814.6
11/30/2021FHFA House Price Index MoM1.20%0.90%1.00%
11/30/2021House Price Purchase Index QoQ4.20%4.90%5.10%
11/30/2021S&P CoreLogic CS 20-City MoM SA1.20%0.96%1.17%1.16%
11/30/2021S&P CoreLogic CS 20-City YoY NSA19.30%19.05%19.66%19.65%
11/30/2021S&P CoreLogic CS US HPI YoY NSA19.51%19.84%19.79%
11/30/2021MNI Chicago PMI6768.4
11/30/2021Conf. Board Consumer Confidence110.9113.8
11/30/2021Conf. Board Present Situation147.4
11/30/2021Conf. Board Expectations91.3
12/1/2021MBA Mortgage Applications1.80%
12/1/2021ADP Employment Change525k571k
12/1/2021Markit US Manufacturing PMI59.159.1
12/1/2021Construction Spending MoM0.40%-0.50%
12/1/2021ISM Manufacturing61.260.8
12/1/2021ISM Prices Paid85.585.7
12/1/2021ISM New Orders59.8
12/1/2021ISM Employment52
12/1/2021U.S. Federal Reserve Releases Beige Book
12/1/2021Wards Total Vehicle Sales13.40m12.99m
12/2/2021Challenger Job Cuts YoY-71.70%
12/2/2021Initial Jobless Claims240k199k
12/2/2021Continuing Claims2002k2049k
12/2/2021Langer Consumer Comfort52.2
12/3/2021Two-Month Payroll Net Revision235k
12/3/2021Change in Nonfarm Payrolls550k531k
12/3/2021Change in Private Payrolls525k604k
12/3/2021Change in Manufact. Payrolls42k60k
12/3/2021Unemployment Rate4.50%4.60%
12/3/2021Average Hourly Earnings MoM0.40%0.40%
12/3/2021Average Hourly Earnings YoY5.00%4.90%
12/3/2021Average Weekly Hours All Employees34.734.7
12/3/2021Labor Force Participation Rate61.70%61.60%
12/3/2021Underemployment Rate8.30%
12/3/2021Markit US Services PMI5757
12/3/2021Markit US Composite PMI56.5
12/3/2021ISM Services Index6566.7
12/3/2021Factory Orders0.50%0.20%
12/3/2021Factory Orders Ex Trans0.70%
12/3/2021Durable Goods Orders-0.50%-0.50%
12/3/2021Durables Ex Transportation0.50%
12/3/2021Cap Goods Orders Nondef Ex Air0.60%
12/3/2021Cap Goods Ship Nondef Ex Air0.30%

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