September 22, 2020 Headlines

Treasuries are little changed this morning following yesterday’s risk-off trade. The overnight session was relatively quiet, with Japanese markets closed for holiday. European equity markets are bouncing back today as well despite expectations for renewed/additional Covid restrictions in the U.K. and Europe. Fed Chair Jay Powell will be testifying before the House Financial Services Committee alongside Treasury Secretary Steve Mnuchin today. Powell is expected to reiterate the need for additional fiscal support to complement prolonged monetary support. Later this morning, existing home sales data for August will be released.

Jason Haley
Chief Investment Officer

9/21/20Chicago Fed Nat Activity Index1.190.791.182.54
9/21/20Household Change in Net Worth$7607b-$6548b-$7229b
9/22/20Existing Home Sales6.00m5.86m
9/22/20Existing Home Sales MoM2.40%24.70%
9/22/20Richmond Fed Manufact. Index1218
9/23/20MBA Mortgage Applications-2.50%
9/23/20FHFA House Price Index MoM0.50%0.90%
9/23/20Markit US Manufacturing PMI53.553.1
9/23/20Markit US Services PMI54.555
9/23/20Markit US Composite PMI54.6
9/24/20Initial Jobless Claims840k860k
9/24/20Continuing Claims12350k12628k
9/24/20Bloomberg Consumer Comfort47.7
9/24/20New Home Sales890k901k
9/24/20New Home Sales MoM-1.20%13.90%
9/24/20Kansas City Fed Manf. Activity1414
9/25/20Durable Goods Orders1.20%11.40%
9/25/20Durables Ex Transportation1.10%2.60%
9/25/20Cap Goods Orders Nondef Ex Air1.00%1.90%
9/25/20Cap Goods Ship Nondef Ex Air0.80%2.40%


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