Renewed hope for a new stimulus package is boosting risk assets this morning and pushing Treasury prices lower across the curve. Hope is likely the key word because there still appears to be a lot needed to get House Democrats, the White House, and Senate Republicans all on the same page before the election. House Speaker Pelosi set a 48-hour deadline over thew weekend (expires end of tomorrow) to approve any new fiscal aid before the November 3 election. This week’s economic data calendar is relatively light, although preliminary global PMI data (Markit) for October will be reported on Friday. Six different Fed leaders will be speaking today, including Jerome Powell.
Jason Haley
Chief Investment Officer
Date | Event | Survey | Actual | Prior | Revised |
10/19/20 | NAHB Housing Market Index | 83 | — | 83 | — |
10/20/20 | Housing Starts | 1460k | — | 1416k | — |
10/20/20 | Housing Starts MoM | 3.10% | — | -5.10% | — |
10/20/20 | Building Permits | 1520k | — | 1470k | 1476k |
10/20/20 | Building Permits MoM | 3.00% | — | -0.90% | -0.50% |
10/21/20 | MBA Mortgage Applications | — | — | -0.70% | — |
10/21/20 | U.S. Federal Reserve Releases Beige Book | ||||
10/22/20 | Initial Jobless Claims | 870k | — | 898k | — |
10/22/20 | Continuing Claims | 9775k | — | 10018k | — |
10/22/20 | Bloomberg Economic Expectations | — | — | 41.5 | — |
10/22/20 | Bloomberg Consumer Comfort | — | — | 48.2 | — |
10/22/20 | Leading Index | 0.70% | — | 1.20% | — |
10/22/20 | Existing Home Sales | 6.30m | — | 6.00m | — |
10/22/20 | Existing Home Sales MoM | 5.00% | — | 2.40% | — |
10/22/20 | Kansas City Fed Manf. Activity | 11 | — | 11 | — |
10/23/20 | Markit US Manufacturing PMI | 53.5 | — | 53.2 | — |
10/23/20 | Markit US Services PMI | 54.6 | — | 54.6 | — |
10/23/20 | Markit US Composite PMI | — | — | 54.3 | — |
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