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 Dec. 6, 201
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

Longer-term U.S. government bond prices fell last week on data that increased optimism surrounding the U.S. economic outlook. Data released last week showed the U.S. labor market remains strong, with job gains, the unemployment rate, and wage growth all beating expectations. The U.S. economy added 266,000 jobs in November, well above the expected 180,000, while the unemployment rate came in at 3.5%. Prior to this year, the last time the unemployment rate was this low was in 1969. Additionally, wages grew 3.1% over the prior year. The strong employment data was particularly reassuring following weak manufacturing data released earlier in the week. The ISM Manufacturing Index fell to 48.1 in November, which missed expectations and was the fourth consecutive month of contraction, as trade remained the most significant issue across industries. The ISM Non-Manufacturing Index also missed expectations but remained in expansionary territory for the 118th consecutive month. This week, the FOMC holds its final meeting of the year on Tuesday and Wednesday and is widely expected to keep rates unchanged. Major economic reports (related consensus forecasts, prior data) for the upcoming week include Wednesday: December 11 FOMC Rate Decision – Upper Bound (1.75%, 1.75%), November CPI MoM (0.2%, 0.4%), December 6 MBA Mortgage Applications (N/A, -9.2%); Thursday: December 7 Initial Jobless Claims (212k, 203k), November PPI Final Demand MoM (0.2%, 0.4%); Friday: November Retail Sales Advance MoM (0.4%, 0.3%).
Posted on Monday, December 9, 2019 @ 8:34 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

Checking in on the 10-Largest Stocks in the S&P 500 Index
Top-Performing S&P 500 Index Subsectors in 2019
US Stock Markets Ended Nov. 29, 2019
US Economy and Credit Markets Ended Nov. 29, 2019
How Stocks Have Fared In Presidential Election Years
US Stock Markets Ended Nov. 22, 2019
US Economy and Credit Markets Ended Nov. 22, 2019
Sector Performance Via Market Capitalization (Since Steel/Aluminum Tariffs Enacted)
Still Waiting For The Great Rotation Out Of Bond Mutual Funds
US Stock Markets Ended Nov.15, 2019
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.