October 28, 2020 Headlines

Treasury yields are lower again this morning as surging COVID cases and renewed lockdowns continue to weigh on investor sentiment. European stocks closed in the red in the overnight session while US futures are pointing to a lower open.

The MBA mortgage applications index rose by 1.7% last week as refis increased by 2.5% up from 0.2% the week prior. Purchase applications also rose, albeit at a fairly modest 0.2% compared to a 2.1% decline the week prior. The average 30-year fixed rate was 3% which is the lowest level since the index began in 1989.

Hafizan Hamzah
Director, Investment Management Group

Date Event Survey Actual Prior Revised
10/26/20 Chicago Fed Nat Activity Index 0.73 0.27 0.79 1.11
10/26/20 New Home Sales 1025k 959k 1011k 994k
10/26/20 New Home Sales MoM 1.40% -3.50% 4.80% 3.00%
10/26/20 Dallas Fed Manf. Activity 13.5 19.8 13.6
10/27/20 Durable Goods Orders 0.50% 1.90% 0.50% 0.40%
10/27/20 Durables Ex Transportation 0.40% 0.80% 0.60% 1.00%
10/27/20 Cap Goods Orders Nondef Ex Air 0.50% 1.00% 1.90% 2.10%
10/27/20 Cap Goods Ship Nondef Ex Air 0.40% 0.30% 1.50%
10/27/20 FHFA House Price Index MoM 0.70% 1.50% 1.00% 1.10%
10/27/20 S&P CoreLogic CS 20-City MoM SA 0.50% 0.47% 0.55% 0.75%
10/27/20 S&P CoreLogic CS 20-City YoY NSA 4.20% 5.18% 3.95% 4.12%
10/27/20 S&P CoreLogic CS 20-City NSA Index 229.35 226.55 226.92
10/27/20 S&P CoreLogic CS US HPI YoY NSA 5.71% 4.78% 4.78%
10/27/20 S&P CoreLogic CS US HPI NSA Index 223.97 221.64 221.63
10/27/20 Conf. Board Consumer Confidence 102 100.9 101.8 101.3
10/27/20 Conf. Board Present Situation 104.6 98.5 98.9
10/27/20 Conf. Board Expectations 98.4 104 102.9
10/27/20 Richmond Fed Manufact. Index 18 29 21
10/28/20 MBA Mortgage Applications 1.70% -0.60%
10/28/20 Advance Goods Trade Balance -$84.5b -$79.4b -$82.9b -$83.1b
10/28/20 Wholesale Inventories MoM 0.40% -0.10% 0.40% 0.30%
10/28/20 Retail Inventories MoM 0.50% 1.60% 0.80% 0.50%
10/29/20 Initial Jobless Claims 770k 787k
10/29/20 Continuing Claims 7700k 8373k
10/29/20 GDP Annualized QoQ 32.00% -31.40%
10/29/20 Personal Consumption 38.90% -33.20%
10/29/20 GDP Price Index 2.90% -1.80%
10/29/20 Core PCE QoQ 4.00% -0.80%
10/29/20 Bloomberg Consumer Comfort 46.6
10/29/20 Pending Home Sales MoM 3.00% 8.80%
10/29/20 Pending Home Sales NSA YoY 20.50%
10/30/20 Personal Income 0.40% -2.70%
10/30/20 Personal Spending 1.00% 1.00%
10/30/20 Real Personal Spending 0.80% 0.70%
10/30/20 PCE Deflator MoM 0.20% 0.30%
10/30/20 PCE Deflator YoY 1.50% 1.40%
10/30/20 PCE Core Deflator MoM 0.20% 0.30%
10/30/20 Employment Cost Index 0.50% 0.50%
10/30/20 PCE Core Deflator YoY 1.70% 1.60%
10/30/20 MNI Chicago PMI 58 62.4
10/30/20 U. of Mich. Sentiment 81.2 81.2
10/30/20 U. of Mich. Current Conditions 84.9
10/30/20 U. of Mich. Expectations 78.8
10/30/20 U. of Mich. 1 Yr Inflation 2.70%
10/30/20 U. of Mich. 5-10 Yr Inflation 2.40%

 

 

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