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 March 8, 2019
Posted Under: Weekly Market Commentary

 
Investment grade and high yield spreads widened marginally last week amid increased issuance and mixed global economic conditions. ECB forecasts for the Eurozone economies disappointed as growth continues to be increasing at a slower rate than anticipated. Amid the lack of growth acceleration, on Thursday, the European Central Bank revealed plans to stimulate the economies by saying they would hold interest rates steady through 2019 as well as issue low-cost long-term loans for banks beginning in September. Last week's Friday nonfarm payrolls report was only shown increasing by 20,000 in February which was far below consensus expectations of 180,000. This disappointment followed a week of mixed reports and while the unemployment rate did continue to fall, and wages were shown increasing, a wider trade deficit and the disappointing European data contributed to raising Treasury prices. Gold rallied meaningfully last week as the weak jobs report and generally weak market conditions increased investor interest in this asset. Major economic reports (related consensus forecasts, prior data) for the upcoming week include: Monday: January Retail Sales Advance (0.0%, -1.2%); Tuesday: February CPI (0.2%, 0.0%); Wednesday: March 8 MBA Mortgage Applications (N/A, -2.5%), February PPI Final Demand (0.2%, -0.1%), January preliminary Durable Goods Orders (-0.5%, N/A) and January Construction Spending (0.4%, -0.6%); Thursday: March 9 Initial Jobless Claims (225k, 223k), January New Home Sales (624K, 621K); Friday: March Empire Manufacturing (10.0, 8.8), February Industrial Production (0.4%, -0.6%), March Preliminary U. Of Michigan Sentiment (95.6, 93.8).
Posted on Monday, March 11, 2019 @ 8:47 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
Weekly Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
Sector Performance Via Market Capitalization (Current Bull Market)
A Global Snapshot of Government Bond Yields
US Stock Markets Ended March 1, 2019
US Economy and Credit Markets Ended March 1, 2019
This Covered Call Index Tends To Outperform The S&P 500 When Stock Returns Are Modest Or Negative
Massive Growth In The Equity REIT Market This Millennium
US Stock Market Ended February 23, 2019
US Economy and Credit Markets Ended February 23, 2019
Comparing Two Major Recoveries: Technology vs. Financials
One Of The Original Asset Allocation Models
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 © 2019 All rights reserved.