Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube

  US Economy and Credit Markets Ended Aug. 19, 2016
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

Treasury prices slumped on Friday after John Williams, a Federal Reserve regional chief, noted a rate hike was "in play" for the September meeting. Following his comments yields spiked and the dollar rose; but stocks did not. Also speaking out last week was William Dudley who told the Fox Business Network that it's possible that a rate hike could occur as early as the mid-September policy meeting. Wednesday and Thursday had seen Treasuries, stocks and oil prices all improve amid positive economic data. Oil entered a bull market as investors responded to speculation that OPEC would discuss a potential output freeze. Tuesday saw a bevy of reports and some good economic news. Housing starts rose 2.1% in July representing an increase of 5.6% over the prior year. July industrial production was shown to increase .7% in July which was ahead of consensus estimates. While the CPI was unchanged for July, matching expectations, it is up .8% versus a year prior and the "core" CPI (excludes food and energy) is up 2.2% versus a year ago. Thursday saw the release of the prior week Jobless Claims report which was better than expected. Last week ended with the July US Index of Leading Economic Indicators also coming in better than expected at .4%. Major economic reports (and related consensus forecasts) for the upcoming week include: Tuesday: July New Home Sales (577K, -15K); Wednesday: Aug 19 MBA Mortgage Applications, July Existing Home Sales (5.5M, -.7M); Thursday: Aug 20 Initial Jobless Claims (265K, +3K) and preliminary July Durable Goods Orders (3.5%, +7.4%); Friday: preliminary July Wholesale Inventories, QoQ Annualized GDP (1.1%, -.1%) and the University of Michigan Sentiment survey (90.7, +.3)

Posted on Monday, August 22, 2016 @ 8:03 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email

The U.S. Crude Oil Rig Count Is Rising But The Natural Gas Rig Count Is Not
S&P 500 Index Top-Line Growth Estimates
What's It Going to Take?
Stocks Ended Aug. 12, 2016
US Economy and Credit Markets Ended Aug. 12, 2016
A Snapshot of Growth vs. Value Investing
Retail Investors Continue To Invest In Foreign Stocks
Stocks Ended Aug. 5, 2016
US Economy and Credit Markets Ended Aug. 5, 2016
The Best-Performing Sectors Spanning The Past 12 Months, Brexit Fallout & Post-Brexit Fallout
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2023 All rights reserved.