Site Search

Looking for something? Use the search bar below or visit our Resources page.


Author Jason Haley

Published

Estimated

Yesterday’s selloff in equities is poised to continue in today’s session with S&P 500 futures currently down more than 1%.

Treasury yields were initially higher in the overnight session as the market continues to price down odds of a December rate cut (now 53% in fed funds futures), but yields are now down 4-6 basis points versus yesterday’s close amid the risk-off tone. The weakness in equities is being attributed in part to concerns of a less dovish Fed, and we will hear from three Fed leaders today, including KC Fed President Schmid, who voted against the rate cut at the last meeting in October.  

Jason Haley
Chief Investment Officer

DateEventPeriodSurveyActualPrior
11/14/2025List of US Economic Indicators Delayed by Government Shutdown    
11/14/2025Retail Sales Report Delayed by Government Shutdown    
11/14/2025PPI Report Delayed by Government Shutdown    
11/14/2025Business Inventories Delayed by Government Shutdown    
11/14/2025-11/20/2025Federal Budget BalanceOct-$238.6b     —-$257.5b
11/17/2025Empire ManufacturingNov5.8     —10.7
11/18/2025ADP Weekly Employment Preliminary Estimate    
11/18/2025Import Price Index MoMOct     —     —     —
11/18/2025Import Price Index ex Petroleum MoMOct     —     —     —
11/18/2025Import Price Index YoYOct     —     —     —
11/18/2025Export Price Index MoMOct     —     —     —
11/18/2025Export Price Index YoYOct     —     —     —
11/18/2025New York Fed Services Business ActivityNov     —     —-23.6
11/18/2025Industrial Production MoMOct0.00%     —     —
11/18/2025Manufacturing (SIC) ProductionOct0.10%     —     —
11/18/2025Capacity UtilizationOct77.30%     —     —
11/18/2025NAHB Housing Market IndexNov     —     —37
11/18/2025Total Net TIC FlowsSep     —     —     —
11/18/2025Net Long-term TIC FlowsSep     —     —     —
11/19/2025MBA Mortgage Applications14-Nov     —     —0.60%
11/19/2025Housing StartsOct     —     —1307k
11/19/2025Building PermitsOct P     —     —     —
11/19/2025Housing Starts MoMOct     —     —     —
11/19/2025Building Permits MoMOct P     —     —     —
11/19/2025FOMC Meeting Minutes29-Oct     —     —     —
11/20/2025Initial Jobless Claims15-Nov     —     —     —
11/20/2025Initial Claims 4-Wk Moving Avg15-Nov     —     —     —
11/20/2025Continuing Claims8-Nov     —     —     —
11/20/2025Philadelphia Fed Business OutlookNov-1.5     —-12.8
11/20/2025Leading IndexOct-0.30%     —     —
11/20/2025Existing Home SalesOct4.09m     —4.06m
11/20/2025Existing Home Sales MoMOct0.70%     —1.50%
11/20/2025Kansas City Fed Manf. ActivityNov     —     —6
11/21/2025Bloomberg Nov. United States Economic Survey    
11/21/2025S&P Global US Manufacturing PMINov P     —     —52.5
11/21/2025S&P Global US Services PMINov P     —     —54.8
11/21/2025S&P Global US Composite PMINov P     —     —54.6
11/21/2025U. of Mich. SentimentNov F     —     —50.3
11/21/2025U. of Mich. Current ConditionsNov F     —     —52.3
11/21/2025U. of Mich. ExpectationsNov F     —     —49
11/21/2025U. of Mich. 1 Yr InflationNov F     —     —4.70%
11/21/2025U. of Mich. 5-10 Yr InflationNov F     —     —3.60%
11/21/2025Kansas City Fed Services ActivityNov     —     —-5

Jason Haley

Chief Investment Officer

LinkedIn

  Headline Disclaimer

ALM First offers investment advisory services through ALM First Financial Advisors, LLC, which is registered with the U.S. Securities and Exchange Commission (“SEC”). SEC registration does not constitute an endorsement of the firm by the SEC nor does it indicate that the firm has attained a particular level of skill or ability. The information contained herein does not constitute investment advice or a recommendation for you to purchase or sell any specific security. You are solely responsible for reviewing the content and for any actions you take or choose not to take based on your review of such content.

Information contained herein was derived from third party sources as indicated. While such information is believed to be reliable, no representation or warranty is made concerning the accuracy of any information presented. We have not and will not independently verify this information. Where such sources include opinions and projections, such opinions and projections should be ascribed only to the applicable third party source and not to ALM First.

Statements herein that reflect projections or expectations of future financial or economic performance are forward-looking statements. Such “forward-looking” statements are based on various assumptions, which assumptions may not prove to be correct. Accordingly, there can be no assurance that such assumptions and statements will accurately predict future events or actual performance. No representation or warranty can be given that the estimates, opinions or assumptions made herein will prove to be accurate. Any projections and forward-looking statements included herein should be considered speculative and are qualified in their entirety by the information and risks disclosed in the confidential offering document. Actual results for any period may or may not approximate such forward-looking statements. No representations or warranties whatsoever are made by ALM First Financial Advisors, LLC or any other person or entity as to the future profitability of investments recommended by ALM First Financial Advisors, LLC.



Recent Beyond The Headlines


  Headlines RSS
Strategic Partners

Let’s Work Together

ALM First is your agile partner with a trusted history of delivering results.