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 November 23, 2018
Posted Under: Weekly Market Commentary

Treasury prices were mixed over the course of the week with long-term Treasury prices rising slightly and short-term Treasury prices dropping slightly. Investors believe the Federal Reserve is even more likely to raise rates at the December meeting as the market implied probability of a rate hike increased from 66% to 73%. However, a sell-off in the equity markets led by concerns over U.S. technology company earnings and a slowdown in global growth caused investors to seek the perceived safety of Treasuries, leading Treasury prices to remain steady. Homebuilder confidence dropped, and housing starts only met expectations. In Europe, Italy clashed with the European Commission in Brussels as Italian officials said their budget would remain intact, but they would be willing to make some changes to appease Brussels. Investors also believed that the concern that tariffs would negatively impact the economy through decreased investment spending was evident in the 4.4% drop in durable goods orders. Oil dropped 11% over the course of the week on concerns for weak demand out of China and oversupply coming from the U.S. Major economic reports (related consensus forecasts, prior data) for the upcoming week include: Tuesday: November Conf. Board Consumer Confidence (135.5, 137.9); Wednesday: November 23 MBA Mortgage Applications (n/a, -0.1%), October Prelim. Wholesale Inventories MoM (0.4%, 0.4%), 3Q Second GDP Annualized QoQ (3.5%, 3.5%), October New Home Sales (580k, 553k); Thursday: October Personal Income (0.4%, 0.2%), October Personal Spending (0.4%, 0.4%), November 24 Initial Jobless Claims (220k, 224k); Friday: November Chicago Purchasing Manager (58.8, 58.4).
Posted on Monday, November 26, 2018 @ 8:28 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

A Snapshot Of Dividend Yields
US Stock Markets Ended November 16, 2018
US Economy and Credit Markets Ended November 16, 2018
Passive vs. Active Fund Flows
How Stocks Have Fared Since 9/20/18
US Stock Markets Ended November 9, 2018
US Economy and Credit Markets Ended November 9, 2018
A Global Snapshot of Government Bond Yields
A Snapshot Of U.S. Equity Valuation Levels
US Stock Markets Ended November 2, 2018
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 advisors 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.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2020 All rights reserved.