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 30, 2018
Posted Under: Weekly Market Commentary

U.S. Treasury note yields were up at the start of the week as investors favored risk assets. On Monday, the 10-year Treasury note yield had its largest one-day gain in nearly a year. Federal Reserve Chairman Jerome Powell's speech on Wednesday received mixed interpretations by investors and economists. Some viewed Chairman Powell's comments as dovish, while others believe he did not add much more new information and was merely restating the current monetary policy stance of the Federal Open Market Committee. U.S. Treasury note yields finished down on Friday with the 10-year Treasury note yield declining the most in one month since August of last year. Investors are anxiously waiting for news out of Buenos Aires as President Donald Trump and Chinese President Xi Jinping plan to meet at the G-20 summit. Last week saw a slew of economic data. Real GDP grew at a 3.5% annual growth rate in the third quarter, matching the initial estimate as well as consensus expectations. Pre-tax corporate profits grew by 3.4% in the third quarter, the fastest quarterly growth rate since the second quarter of 2014, and are up 10.3% in the past year, the largest four-quarter increase since mid-2012. New single-family home sales declined 8.9% in October to an annual rate of 544,000, missing consensus estimates. Personal income increased 0.5% and personal consumption increased 0.6% in October, both beating consensus estimates. Major economic reports (related consensus forecasts, prior data) for the upcoming week include: Monday: November Final Markit US Manufacturing PMI (55.4, 55.4), October Construction Spending MoM (0.4%, 0.0%), November ISM Manufacturing (57.5, 57.7); Wednesday: November 30 MBA Mortgage Applications (n/a, 5.5%), October ADP Employment Change (195k, 227k); Thursday: October Trade Balance (-$55b, -$54.0b), October Factory Orders (-2.0%, 0.7%), December 1 Initial Jobless Claims (225k, 234k), October Final Durable Goods (-2.4%, -4.4%); Friday: November Change in Nonfarm Payrolls (198k, 250k).
Posted on Monday, December 3, 2018 @ 8:24 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 Growth vs. Value Investing
How Bonds Have Fared Since 7/8/16
US Stock Markets Ended November 23, 2018
US Economy and Credit Markets Ended November 23, 2018
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
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.