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BLOCK, Large 3Y Midcurve Put Condor

US: Recap of Economic Indicators

                             Mar-19   Feb-19   Jan-19   Dec-18   Nov-18   Oct-18
--------------------------------------------------------------------------------
UI Claims/4wk avg
wk 1                        224/220  230/225  221/224  213/225  223/219  212/213
wk 2                        216/220  231/229  217/223  220/224  224/221  215/214
wk 3                        211/217  213/229  211/220  223/221  234/224  218/216
wk 4                                 224/225  244/223  231/222  229/227  219/216
wk 5                                 218/221                             217/217
Nonfarm Payrolls                        +20k    +311k    +227k    +196k    +277k
Private Payrolls                        +25k    +308k    +224k    +200k    +285k
Mfg Payroll                              +4k     +21k     +20k     +27k     +29k
Unemployment                            3.8%     4.0%     3.9%     3.7%     3.8%
Avg Wkly Hours                          34.4     34.5     34.5     34.4     34.5
Avg Hours - Mfg                         40.7     40.8     40.9     40.8     40.8
Aggr Hours Index                       -0.3%    +0.3%    +0.5%    -0.2%    +0.3%
Aggr Hrs Index - Mfg                   -0.2%     Flat    +0.3%    +0.2%     Flat
Avg Hourly Earnings                    +0.4%    +0.1%    +0.4%    +0.3%    +0.2%
Final Demand PPI                       +0.1%    -0.1%    -0.1%    +0.1%    +0.5%
excl food & energy                     +0.1%    +0.3%     Flat    +0.3%    +0.3%
excl food, energy, trade               +0.1%    +0.2%     Flat    +0.3%    +0.1%
CPI                                    +0.2%     Flat     Flat     Flat    +0.3%
excl food & energy                     +0.1%    +0.2%    +0.2%    +0.2%    +0.2%
Import Prices                           +0.6    +0.1%    -1.4%    -1.6%    +0.5%
non-petro import prices                +0.1%    -0.6%    +0.2%    +0.1%    +0.2%
ISM Mfg Prices Pd Index        54.3     49.4     49.6     54.9     60.7     71.6
PCE Price Index M/M                             -0.1%    +0.1%     Flat    +0.2%
PCE Price Index Y/Y                             +1.4%    +1.7%    +1.8%    +2.0%
Core PCE Price Index M/M                        +0.1%    +0.2%    +0.2%    +0.1%
Core PCE Price Index Y/Y                        +1.8%    +1.7%    +1.8%    +2.0%
Treasury Budget (bn)                            +$8.7   -$13.5  -$204.9  -$100.5
Consumer Credit (bn)                           +$17.0   +$15.4   +$22.1   +$25.4
CB Consumer Confidence                 131.4    121.7    126.6    136.4    137.9
Consumer Sentiment                      93.8     91.2     98.3     97.5     98.6
Car Sales Ex GM,Ford, saar
(mn)                                              2.5      2.6      2.5      2.7
Truck Sales Ex GM,Ford,
Saar (mn)                                         4.6      5.0      4.9      4.9
Total Ex GM,Ford, saar
(mn)                                              7.1      7.5      7.4      7.6
Retail Sales                           -0.2%    +0.7%    -1.6%     Flat    +1.0%
excl motor vehicles                    -0.4%    +1.4%    -2.1%    -0.1%    +0.8%
Personal Income                        +0.2%    -0.1%    +1.0%    +0.3%    +0.5%
Personal Spending                               +0.1%    -0.6%    +0.5%    +0.6%
ISM Mfg Index                  55.3     54.2     56.6     54.3     58.8     57.5
ISM Nonmfg NMI                 56.1     59.7     56.7     58.0     60.4     60.0
MNI Chicago Report             58.7     64.7     56.7     63.8     63.5     59.4
Phila Fed Mfg Index            13.7     -4.1     17.0      9.1     11.9     19.7
Phila Fed Nonmfg Index         21.7     10.0      1.0      7.7     35.5     34.7
Empire State Index              3.7      8.8      3.9     11.5     21.4     20.0
KC Fed Mfg Index                 10        1        5        6       17       10
Richmond Fed Mfg Index           10       16       -2       -8       14       15
Dallas Fed Mfg Index            8.3     13.1      1.0     -5.1     17.6     29.4
Markit Mfg Index               52.5     53.0     54.9     53.8     55.4     55.7
Markit Services Index          55.3     56.0     54.2     54.4     54.7     54.8
Ind Production                          Flat    -0.1%    -0.1%    +0.7%    +0.1%
Capacity Util                          79.1%    79.2%    79.4%    79.6%    79.2%
Factory Orders                                  +0.1%    +0.1%    -0.5%    -2.1%
Factory Orders ex
transport                                       -0.2%    -0.5%    -1.3%    +0.2%
Durables                               -1.6%    +0.1%    +1.3%    +0.9%    -4.3%
Durables ex transport                  +0.1%    -0.1%    +0.3%    -0.2%    +0.4%
Nondurables                                     -0.2%    -1.1%    -2.0%    +0.1%
Mfg Shipments                                   -0.2%    -0.2%    +1.0%    -0.3%
Business Inventories                            +0.8%    +0.8%     Flat    +0.6%
Factory                                         +0.5%    +0.1%    -0.1%    +0.2%
Retail                                          +0.8%    +1.1%    -0.4%    +0.8%
Wholesale                                       +1.2%    +1.1%    +0.4%    +0.9%
Housing Starts (mn)                    1.162    1.273    1.140    1.206    1.209
Building Permits (mn)                  1.291    1.317    1.326    1.322    1.265
NAHB Index                       62       62       58       56       60       60
New Home Sales (k)                       667      636      588      628      549
Existing Homes (mn)                     5.51     4.93     5.00     5.21     5.22
Pending Home Sales Index               101.9    103.2     99.0    101.2    102.1
Construct Spending                     +1.0%    +2.5%    +0.2%    -1.3%    +0.2%
Private Residential                    +0.2%    +1.5%    +0.8%    -0.6%    -0.7%
Trade Balance (bn)                             -$51.1   -$59.9   -$50.5   -$56.5
Exports (bn)                                  +$207.3  +$205.4  +$209.3  +$210.7
Imports (bn)                                  +$258.5  +$265.4  +$259.9  +$267.2
Goods Only, BOP (bn)                           -$73.3   -$81.5   -$72.6   -$78.9
Leading Index                                            -0.1%    +0.2%    -0.3%
                                                         Q4-18
GDP (chain-wt)                                           +2.2%
Final Sales                                              +2.1%
Chain prices                                             +1.7%
Current-dollar                                           +4.1%
                                                         Q4-18
Nonfarm Productivity                                     +1.9%
Nonfarm Unit Labor Costs                                 +2.0%
                                                         Q4-18
ECI (q/q)                                                +0.7%
(a) advance report
--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com
[TOPICS: MTABLE,MAUDT$,M$U$$$]