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 August 31, 2018
Posted Under: Weekly Market Commentary

 
Treasury prices dropped moderately over the course of the week on trade and geopolitical news. On Monday, the Trump Administration announced they had reached a trade deal with Mexico and suggested that the North American Free Trade Agreement would be overhauled and talks with Canada would soon begin. It was also reported on Tuesday that Germany was considering financial aid to Turkey, but talks were in the very early stages. Together, this caused Treasury yields to rise significantly the first half of the week as investors followed a risk-on trade. However, Treasuries rebounded moderately the second half of the week as it was reported that President Donald Trump planned on going ahead with imposing $200B of tariffs on Chinese imports next week. On Friday, trade talks with Canada did not reach a deal but talks will continue next week. Congress is considered more likely to approve a NAFTA deal if all three countries are involved as opposed to just two. President Trump also warned on Friday he could pull out of the World Trade Organization. Major economic reports (related consensus forecasts, prior data) for the upcoming holiday-shortened week include: Tuesday: August Final Markit US Manufacturing PMI (54.5, 54.5), July Construction Spending MoM (0.5%, -1.1%), August ISM Manufacturing (57.6, 58.1); Wednesday: August 31 MBA Mortgage Applications (N/A, -1.7%), July Trade Balance (-$50.0b, -$46.3b); Thursday: August ADP Employment Change (193k, 219k), September 1 Initial Jobless Claims (213k, 213k), July Final Durable Goods Orders (N/A, -1.7%); Friday: August Change in Nonfarm Payrolls (191k, 157k), August Unemployment Rate (3.8%, 3.9%).
Posted on Tuesday, September 4, 2018 @ 8:05 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
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
Equities Have Thrived Worldwide Since 3/9/09
US Stock Markets Ended August 17, 2018
US Economy and Credit Markets Ended August 17, 2018
S&P 500 Index Earnings And Revenue Growth Rate Projections
Internet Advertising Revenue Surged In 2017
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 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.