Treasury prices edged slightly higher this morning and S&P 500 futures are currently down 11 points (-0.4%). Overseas, Chinese stocks hit a four-year low intraday before rebounding to close +.6% on the session. TIC data last night also showed major Asian holdings moderately decline for the third straight month. On the economic calendar for today, markets will be focused on Housing Starts and Building permits as well as FOMC meeting minutes. The focus of the minutes will be on the removal of the word “accommodative” and policy outlook around the neutral rate.
Chris Eckhoff
Associate, Investment Management Group
Date | Event | Survey | Actual | Prior |
10/15 | Empire Manufacturing | 20 | 21.1 | 19 |
10/15 | Retail Sales Advance MoM | 0.60% | 0.10% | 0.10% |
10/15 | Retail Sales Ex Auto MoM | 0.40% | -0.10% | 0.30% |
10/15 | Retail Sales Ex Auto and Gas | 0.30% | 0.00% | 0.20% |
10/15 | Retail Sales Control Group | 0.40% | 0.50% | 0.10% |
10/15 | Business Inventories | 0.50% | 0.50% | 0.60% |
10/15 | Monthly Budget Statement | $83.0b | $119.1b | $7.9b |
10/16 | Industrial Production MoM | 0.20% | 0.30% | 0.40% |
10/16 | Capacity Utilization | 78.20% | 78.10% | 78.10% |
10/16 | Manufacturing (SIC) Production | 0.20% | 0.20% | 0.20% |
10/16 | NAHB Housing Market Index | 66 | 68 | 67 |
10/16 | JOLTS Job Openings | 6900 | 7136 | 6939 |
10/16 | Total Net TIC Flows | $60.3b | $108.2b | $52.2b |
10/16 | Net Long-term TIC Flows | — | $131.8b | $74.8b |
10/17 | MBA Mortgage Applications | — | -7.10% | -1.70% |
10/17 | Housing Starts | 1210k | 1201k | 1282k |
10/17 | Housing Starts MoM | -5.60% | -5.30% | 9.20% |
10/17 | Building Permits | 1275k | 1241k | 1229k |
10/17 | Building Permits MoM | 2.00% | -0.60% | -5.70% |
10/17 | FOMC Meeting Minutes | — | — | — |
10/18 | Philadelphia Fed Business Outlook | 20 | — | 22.9 |
10/18 | Initial Jobless Claims | 211k | — | 214k |
10/18 | Continuing Claims | 1665k | — | 1660k |
10/18 | Bloomberg Economic Expectations | — | — | 57.5 |
10/18 | Bloomberg Consumer Comfort | — | — | 59.5 |
10/18 | Leading Index | 0.50% | — | 0.40% |
10/19 | Existing Home Sales | 5.29m | — | 5.34m |
10/19 | Existing Home Sales MoM | -0.90% | — | 0.00% |