April 20, 2021 Headlines

US Treasuries are unchanged overnight as a sudden drop in equities erased the initial move higher in yields. Virus cases continue to grow in developed countries such as Brazil and India which has caused the decline to center around the travel industry. Looking ahead, the economic calendar picks up next week with the release of durable goods, confidence, housing and GDP data. The current survey expectation for Q1 real GDP is +6% as the period included two rounds of fiscal stimulus.

Chris Eckhoff
Associate, Investment Management Group

Date Event Surv(M) Actual Prior Revised
04/21/21 MBA Mortgage Applications — — -3.70% —
04/22/21 Chicago Fed Nat Activity Index 1.25 — -1.09 —
04/22/21 Initial Jobless Claims 610k — 576k —
04/22/21 Continuing Claims 3640k — 3731k —
04/22/21 Langer Consumer Comfort — — 53.9 —
04/22/21 Leading Index 1.00% — 0.20% —
04/22/21 Existing Home Sales 6.17m — 6.22m —
04/22/21 Existing Home Sales MoM -0.80% — -6.60% —
04/22/21 Kansas City Fed Manf. Activity 28 — 26 —
04/23/21 Markit US Manufacturing PMI 61 — 59.1 —
04/23/21 Markit US Services PMI 61.5 — 60.4 —
04/23/21 Markit US Composite PMI — — 59.7 —
04/23/21 New Home Sales 885k — 775k —
04/23/21 New Home Sales MoM 14.20% — -18.20% —

Subscribe Today!

Subscribe to our email list and get the latest articles and announcements from ALM First.

Subscribe
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.