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Weekly Market Commentary

04.15.19

Mortgage prices ended last week lower than where they began. This is due in large part to trading activity on Friday in reaction to positive economic data that came out of China. The 10-year rose 7 basis points, closing the week at 2.56. Equities rallied some as traders’ view of global risk seems to improve.

This Thursday is an early market close and Friday is closed altogether for Easter. Data is fairly light as a result. Today, we got Empire Manufacturing and TIC Flows reads. Tomorrow brings Industrial Production, Capacity Utilization, NAHB Housing Market Index. Thursday, despite the early close, will give us the always anticipated Retail Sales numbers, along with Jobless Claims, Continuing Claims, Bloomberg Consumer Comfort, Markit PMI, Leading Index. We’ll wrap up the week on Friday with Housing Starts, Building Starts.

Economic Calendar for the week of 04/15/2019 to 04/19/2019:

Monday: Empire Manufacturing, TIC Flows
Tuesday: Industrial Production, Capacity Utilization, NAHB Housing Market Index
Wednesday: MBA Mortgage Applications, Trade Balance, Wholesale Inventories
Thursday: Retail Sales, Initial Jobless Claims, Continuing Claims, Bloomberg Consumer Comfort, Markit PMI, Leading Index
Friday: Housing Starts, Building Starts

Please Note: The above Market Commentary information is updated weekly.