April 24, 2023 Headlines

Treasury yields are 3 to 4 bps lower this morning and equities are mixed, with S&P futures up 0.08% while the Dow is down 0.06%. Blackrock began liquidating SVB’s and SBNY’s portfolios last week on behalf of the FDIC. The bid lists were generally orderly and well bid, but the lists were fairly small and easily absorbed; activity starts to pick up this week as lists will be traded Tuesday through Thursday of this week. The economic calendar is light today but will pick up towards the back end with initial jobless claims and GDP out on Thursday.

Hafizan Hamzah
Senior Director, Investment Management Group

Date	Event	Actual	Prior	Revised
04/24/23	Chicago Fed Nat Activity Index	-0.19	-0.19	—
04/24/23	Revisions: Retail Sales, Inventories
04/24/23	Dallas Fed Manf. Activity	—	-15.7	—
04/25/23	Philadelphia Fed Non-Manufacturing Activity	—	-12.8	—
04/25/23	FHFA House Price Index MoM	—	0.20%	—
04/25/23	S&P CoreLogic CS 20-City MoM SA	—	-0.43%	—
04/25/23	S&P CoreLogic CS 20-City YoY NSA	—	2.55%	—
04/25/23	S&P CoreLogic CS US HPI YoY NSA	—	3.79%	—
04/25/23	New Home Sales	—	640k	—
04/25/23	New Home Sales MoM	—	1.10%	—
04/25/23	Conf. Board Consumer Confidence	—	104.2	—
04/25/23	Conf. Board Present Situation	—	151.1	—
04/25/23	Conf. Board Expectations	—	73	—
04/25/23	Richmond Fed Manufact. Index	—	-5	—
04/25/23	Richmond Fed Business Conditions	—	-17	—
04/25/23	Dallas Fed Services Activity	—	-18	—
04/26/23	MBA Mortgage Applications	—	-8.80%	—
04/26/23	Wholesale Inventories MoM	—	0.10%	—
04/26/23	Advance Goods Trade Balance	—	-$91.6b	—
04/26/23	Retail Inventories MoM	—	0.80%	—
04/26/23	Durable Goods Orders	—	-1.00%	—
04/26/23	Durables Ex Transportation	—	-0.10%	—
04/26/23	Cap Goods Orders Nondef Ex Air	—	-0.10%	—
04/26/23	Cap Goods Ship Nondef Ex Air	—	-0.10%	—
04/27/23	Initial Jobless Claims	—	245k	—
04/27/23	Continuing Claims	—	1865k	—
04/27/23	GDP Annualized QoQ	—	2.60%	—
04/27/23	Personal Consumption	—	1.00%	—
04/27/23	GDP Price Index	—	3.90%	—
04/27/23	Core PCE QoQ	—	4.40%	—
04/27/23	Pending Home Sales MoM	—	0.80%	—
04/27/23	Pending Home Sales NSA YoY	—	-21.10%	—
04/27/23	Kansas City Fed Manf. Activity	—	0	—
04/28/23	Employment Cost Index	—	1.00%	—
04/28/23	Personal Income	—	0.30%	—
04/28/23	Personal Spending	—	0.20%	—
04/28/23	Real Personal Spending	—	-0.10%	—
04/28/23	PCE Deflator MoM	—	0.30%	—
04/28/23	PCE Deflator YoY	—	5.00%	—
04/28/23	PCE Core Deflator MoM	—	0.30%	—
04/28/23	PCE Core Deflator YoY	—	4.60%	—
04/28/23	MNI Chicago PMI	—	43.8	—
04/28/23	U. of Mich. Sentiment	—	63.5	—
04/28/23	U. of Mich. Current Conditions	—	68.6	—
04/28/23	U. of Mich. Expectations	—	60.3	—
04/28/23	U. of Mich. 1 Yr Inflation	—	4.60%	—
04/28/23	U. of Mich. 5-10 Yr Inflation	—	2.90%	—
04/28/23	Kansas City Fed Services Activity	—	-4	—

Subscribe Today!

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

Recent Articles

December 1, 2023 Headlines November 30, 2023
November 30, 2023 Headlines November 29, 2023
November 29, 2023 Headlines November 29, 2023

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.