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If I had to guess, we've seen all the major PS4 exclusives left on the system: Days Gone, Death Stranding, Ghost of Tsushima, and The Last of Us Part II. We've seen some gameplay from each of the four and all that's really left is to announce release dates for them. They probably don't want to have conference if they aren't going to reveal anything substantial. Although, some could argue Death Stranding probably needs one more showcase to give a better idea of what it is. Also, God of War, Spider-Man and Days Gone had their release dates revealed though Playstation's blog if I remember correctly. I can see the other three having their release dates revealed similarly.

I assume there will be an event later in 2019 to celebrate Playstation's 25th anniversary where the PS5 will be officially announced and/or revealed. Holiday 2020 release.