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. 26, 2016
Posted Under: Weekly Market Commentary

 
Yields rose last week after Federal Reserve Chairwoman Janet Yellen signaled that the central bank will gradually raise short-term interest rates in the coming weeks or months ahead. New home sales surged on Tuesday reaching the highest reading in almost nine years. The spike in sales was primarily led by sales in the south and northeast. Sales of previously owned homes fell in July for the first time in four months on Wednesday, as supply constraints and high prices deterred buyers. Jobless claims fell to the lowest level in five weeks on Thursday, as employers continue to retain employees. New orders for durable goods in July beat consensus expectations after showing the largest single-month decline in two years in June. The rise in overall orders was led by aircraft, computers, and electronic products. Real GDP was revised to a 1.1% annual growth rate in Q2 from a prior estimate of 1.2% on Friday, matching consensus expectations. The largest downward revisions were for net exports, government purchases, and inventories, which offset upward revisions for business R&D and consumer spending. Major economic reports (and related consensus forecasts) for the upcoming week include: Monday: July Personal Income (0.4%), July Personal Income (0.3%); Tuesday: Aug Consumer Confidence Index (97.0); Wednesday: Aug 26th MBA Mortgage Applications, Aug ADP Employment Change (175k), Aug Chicago Purchasing Manager (54.0); Thursday: Aug 27th Initial Jobless Claims (265k), Aug Markit US Manufacturing PMI (52.1), Aug ISM Manufacturing (52.0); Friday: July Trade Balance (-$43.0b), Aug Change in Nonfarm Payrolls (185k), Aug Unemployment Rate (4.8%), July Factory Orders (2.0%).
Posted on Monday, August 29, 2016 @ 8:44 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 ANALYSIS


 PREVIOUS POSTS
A Snapshot of Bond Valuations
S&P 500 Index Stock Prices Relative To Their 52-Week Highs
The Critical Importance of Asset Allocation
Stocks Ended Aug. 19, 2016
US Economy and Credit Markets Ended Aug. 19, 2016
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
Archive
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 © 2022 All rights reserved.