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 April 7, 2017
Posted Under: Weekly Market Commentary

 
Despite a U.S. missile strike on Syria and a disappointing jobs report, which could have been reasonably expected to drive increased demand for safe U.S. debt, Treasury bonds were relatively unchanged last week. Economic news continues to be relatively upbeat, last week was a busy week of economic data, and the Monday ISM Manufacturing Index kicked it off with a small decline to 57.2; still above the 50 threshold which denotes expansion. Every manufacturing industry reported growth in new orders. On Tuesday, the trade deficit for February was released and recorded a four-month low. Also on Tuesday, automakers saw the annual sales rate fall 5.4% from February as they contend with declining used car prices amid a glut of leased cars coming off lease. However, perhaps more concerning, subprime auto loans have reached highs not recorded since 2010. Tighter credit conditions, coupled with increasing used car inventories, could present a real headwind to U.S. automakers. The March ISM non-manufacturing index fell to 55.2 with 15 of 18 industries reporting growth. Wrapping up the week was the Friday nonfarm payroll report showing an increase even as it fell short of expectations. Some attributed the slowdown to weather but the March report did follow relatively impressive reports in January and February and may be indicative of a more sustainable pace. Major economic reports (and related consensus forecasts and prior data) for the upcoming week include Wednesday: April 7 MBA Mortgage Applications; Thursday: April 8 Initial Jobless Claims (245k, 234K); Friday: March CPI (0.0%, 0.1%), and March Retail Sales Advance (-0.1%, 0.1%).
Posted on Monday, April 10, 2017 @ 7:48 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
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
One Measure Of Corporate Cash Holdings Just Shy Of $1.5 Trillion
Technology Stocks Have Delivered Strong Returns In The Current Bull Market
US Stocks Ended March 31, 2017
US Economy and Credit Markets Ended March 31, 2017
S&P 500 Index Stock Prices Relative To Their 52-Week Highs
2017 & 2018 Earnings Snapshot
US Stocks Ended March 24, 2017
US Economy and Credit Markets Ended March 24, 2017
Earnings, Evaluations and Sectors
S&P 500 Index’s Dividend Payout Topped $100 Billion In Q4’16
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 © 2020 All rights reserved.