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 December 28th, 2018
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

Treasury prices rose over the course of the week amidst high volatility in the equity markets. Treasury prices rose significantly on Monday as equities plummeted after there were reports that President Donald Trump was considering firing Federal Reserve Chairman Jerome Powell. A tweet from the President criticizing the Fed led to increased speculation and investors to seek the perceived safety of Treasuries. However, White House officials denied reports that the President was considering the move and equities soared on Wednesday, causing Treasury prices to drop significantly. Treasury prices then rose moderately on both Thursday and Friday in the wake of volatile days in the equity markets as investors still have concerns over the government and the economy. On Thursday, the Chairman of the Council of Economic Advisers Kevin Hassett said that Powell's job was 100% safe, but there has been no assurance from the President. Major economic reports (related consensus forecasts, prior data) for the upcoming holiday-shortened week include: Wednesday: December Final Dallas Fed Manf. Activity (15.0, 17.6), November Prelim. Wholesale Inventories MoM (0.5%, 0.8%), November New Home Sales (568k, 544k); Thursday: December 28 MBA Mortgage Applications, December ADP Employment Change (180k, 179k), December 29 Initial Jobless Claims (225k, 216k), November Construction Spending (0.3%, -0.1%), December ISM Manufacturing (57.8, 59.3); Friday: December Change in Nonfarm Payrolls (180k, 155k), December Unemployment Rate (3.7%. 3.7%).
Posted on Monday, December 31, 2018 @ 9:31 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

US Stock Markets Ended December 21, 2018
US Economy and Credit Markets Ended December 21, 2018
Stock Buybacks by Sector
Call Us Crazy ... Stocks on sale as we head into 2019
Sector Performance Via Market Capitalization (Since Steel/Aluminum Tariffs Enacted)
US Stock Markets Ended December 14, 2018
US Economy and Credit Markets Ended December 14, 2018
Top-Performing Subsectors in the S&P 500 Index
S&P 500 Index Earnings & Revenue Growth Rate Projections
US Stock Markets Ended December 7, 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 © 2022 All rights reserved.