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 September 7, 2018
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

U.S. Treasury note yields rose early in the week as U.S. investors returned from Labor Day weekend to the ISM Manufacturing Index hitting a 14-year high of 61.3, easily beating the consensus estimate of 57.6. The strong data suggests that despite trade fears, U.S. industry remains strong. U.S. Treasury note yields pulled back on Thursday as investors saw private sector payrolls come in lower than expected with August ADP Employment Change at 163,000. Despite the weaker-than-expected private sector payrolls, initial jobless claims hit a 49-year low of 203,000, while productivity remained unchanged. U.S. Treasury note yields rebounded early Friday as economic data poured in. Nonfarm payrolls rose 201,000 in August, beating the consensus estimate by more than 10,000. Unemployment remained unchanged at 3.9%, but investors were encouraged by average hourly earnings increasing 0.4%. The increase in worker's wages pushed the yearly growth rate to 2.9%, the fastest wage growth since 2009. Gains in U.S. Treasury note yields largely held Friday afternoon as investors digested President Trump threatening more tariffs on goods imported from China. Major economic reports (related consensus forecasts, prior data) for the upcoming week include: Tuesday: July Final Markit Wholesale Inventories MoM (0.7%, 0.7%); Wednesday: September 7 MBA Mortgage Applications (N/A, -0.1%), August PPI Final Demand MoM (0.2%, 0.0%); Thursday: August CPI MoM (0.3%, 0.2%), August CPI YoY (2.8%, 2.9%), September 8 Initial Jobless Claims (210k, 203k); Friday: August Retail Sales Advance MoM (0.5%, 0.5%), August Industrial Production MoM (0.3%, 0.1%), September Preliminary U. of Michigan Sentiment (96.7, 96.2).
Posted on Monday, September 10, 2018 @ 8:53 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

Sector Performance Via Market Capitalization (Year-to-Date)
The U.S. Dollar Is Actually Down Since 12/16/15
Looking Back to Understand the Future
US Stock Markets Ended August 31, 2018
US Economy and Credit Markets Ended August 31, 2018
Accentuate the Positive
Treasury Yields Are Up Since July 2016 And Returns Have Suffered
US Stock Markets Ended August 24, 2018
US Economy and Credit Markets Ended August 24, 2018
Many Investors Could Be Underweight Mid- & Small-Cap Stocks
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 © 2023 All rights reserved.