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 April 26, 2019
Posted Under: Weekly Market Commentary

Treasury prices rose over the course of the week on economic news and lower inflation expectations. On Wednesday, the German Ifo Business Climate Index fell 0.5 points, drawing concerns about the German economy and increasing the appetite for U.S. Treasuries. Australian consumer prices were also flat on Wednesday, increasing the likelihood the Reserve Bank of Australia would cut rates on May 7. However, concerns of an economic downturn were eased on Thursday's strong durable good orders and Friday's 1st quarter annualized GDP number of 3.2%, which exceeded analyst expectations of 2.3%. Inflation also was lower than expected on Friday, which caused yields to drop as investors saw that as a sign that the Fed would be more capable of cutting rates in 2019. On Monday, the Trump administration announced it would end waivers for countries buying oil from Iran, causing oil prices to rise. However, oil ended the week lower with a large drop on Friday after President Donald Trump told OPEC to bring down prices, which he could threaten with extended sanction waivers or selling more from the U.S. strategic reserve. Major economic reports (related consensus forecasts, prior data) for the upcoming week include: Monday: March Personal Income (0.4%, 0.2%), March Personal Spending (0.7%, n/a); Tuesday: April MNI Chicago PMI (59.0. 58.7), April Conf. Board Consumer Confidence (126.8, 124.1); Wednesday: April 26 MBA Mortgage Applications (n/a, -7.3%), April ADP Employment Change (180k, 129k), April Final Markit US Manufacturing PMI (52.4, 52.4), April ISM Manufacturing (55.0, 55.3), March Construction Spending MoM (0.2%, 1.0%), May 1 FOMC Rate Decision Upper Bound (2.25%, 2.25%); March Final Durable Goods Orders (n/a, 2.7%), March Factory Orders (1.1%, -0.5%); Friday: March Prelim. Wholesale Inventories MoM (0.2%, 0.2%), April Change in Nonfarm Payrolls (185k, 196k), April Unemployment Rate (3.8%, 3.8%).
Posted on Monday, April 29, 2019 @ 8:03 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

Consider The Potential Opportunity Costs Before You Sell In May And Go Away!
A Snapshot of Crude Oil Production (U.S. vs. OPEC)
US Stock Markets Ended April 18, 2019
US Economy and Credit Markets Ended April 18, 2019
How Some Major Equity Indices Have Fared In The Recent Correction And Recovery
The Losses Sustained In The Recent Correction Nearly Fully Recouped
US Stock Markets Ended April 12, 2019
US Economy and Credit Markets Ended April 12, 2019
A Snapshot of Growth vs. Value Investing
A Snapshot Of Dividend-Payers & Non-Payers In The S&P 500 Index
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.