April 8, 2020 Headlines

The White House began developing plans overnight that would restart the economy after the costly social distancing campaign. Initial reports have stated that the plan revolves around expanding current testing capabilities and would focus on smaller cities and towns in states that have limited infections. Additionally, New York is showing positive signs that the outbreak has plateaued. Yesterday’s risk-on trade continued with S&P 500 futures up 1.31% ahead of the open. The US Treasury yield curve bear steepened with short-term rates unchanged and 10-year yields 4bps higher. 

Chris Eckhoff
Associate, Investment Management Group

DateEventSurveyActualPriorRevised
4/7/2020NFIB Small Business Optimism96.4104.5
4/7/2020JOLTS Job Openings6500688269637012
4/7/2020Consumer Credit$14.000b$22.331b$12.021b$12.060b
4/8/2020MBA Mortgage Applications-17.90%15.30%
4/8/2020Bloomberg Consumer Comfort49.956.3
4/8/2020FOMC Meeting Minutes
4/9/2020PPI Final Demand MoM-0.40%-0.60%
4/9/2020PPI Ex Food and Energy MoM0.00%-0.30%
4/9/2020PPI Ex Food, Energy, Trade MoM0.00%-0.10%
4/9/2020PPI Final Demand YoY0.50%1.30%
4/9/2020PPI Ex Food and Energy YoY1.20%1.40%
4/9/2020PPI Ex Food, Energy, Trade YoY1.40%
4/9/2020Initial Jobless Claims5250k6648k
4/9/2020Continuing Claims3029k
4/9/2020Wholesale Inventories MoM-0.50%-0.50%
4/9/2020Wholesale Trade Sales MoM1.60%
4/9/2020U. of Mich. Sentiment7589.1
4/9/2020U. of Mich. Current Conditions103.7
4/9/2020U. of Mich. Expectations79.7
4/9/2020U. of Mich. 1 Yr Inflation2.20%
4/9/2020U. of Mich. 5-10 Yr Inflation2.30%
4/10/2020CPI MoM-0.30%0.10%
4/10/2020CPI Ex Food and Energy MoM0.10%0.20%
4/10/2020CPI YoY1.60%2.30%
4/10/2020CPI Ex Food and Energy YoY2.30%2.40%
4/10/2020CPI Index NSA258.2258.678
4/10/2020CPI Core Index SA266.8267.07
4/10/2020Real Avg Hourly Earning YoY0.60%
4/10/2020Real Avg Weekly Earnings YoY0.70%0.60%
4/10/2020Bloomberg April United States Economic Survey
4/10/2020Monthly Budget Statement-$120.0b-$235.3b

 

Subscribe Today!

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

Recent Articles

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.