August 13, 2021 Headlines

The 10-year US Treasury yield is 1 bps lower this morning as China’s zero tolerance policy toward Covid stoked fears that the government would suspend operations at the world’s third largest port. However, equities remain unphased amid strong earnings and continue to fluctuate near record highs with S&P500 futures set to open +0.11%. The economic calendar is light to close out the week with July retail sales data, the next major release, expected on Tuesday.

Chris Eckhoff
Associate, Investment Management Group

DateEventSurv(M)ActualPriorRevised
08/09/21JOLTS Job Openings9270k10073k9209k9483k
08/10/21NFIB Small Business Optimism10299.7102.5
08/10/21Nonfarm Productivity3.20%2.30%5.40%4.30%
08/10/21Unit Labor Costs1.00%1.00%1.70%-2.80%
08/11/21MBA Mortgage Applications2.80%-1.70%
08/11/21CPI MoM0.50%0.50%0.90%
08/11/21CPI Ex Food and Energy MoM0.40%0.30%0.90%
08/11/21CPI YoY5.30%5.40%5.40%
08/11/21CPI Ex Food and Energy YoY4.30%4.30%4.50%
08/11/21CPI Index NSA272.937273.003271.696
08/11/21CPI Core Index SA279.45279.054278.14
08/11/21Real Avg Weekly Earnings YoY-0.70%-1.40%-1.00%
08/11/21Real Avg Hourly Earning YoY-1.20%-1.70%-1.60%
08/11/21Monthly Budget Statement-$294.0b-$302.1b-$63.0b
08/12/21Initial Jobless Claims375k375k385k387k
08/12/21Continuing Claims2900k2866k2930k2980k
08/12/21PPI Final Demand MoM0.60%1.00%1.00%
08/12/21PPI Ex Food and Energy MoM0.50%1.00%1.00%
08/12/21PPI Ex Food, Energy, Trade MoM0.50%0.90%0.50%
08/12/21PPI Final Demand YoY7.20%7.80%7.30%
08/12/21PPI Ex Food and Energy YoY5.60%6.20%5.60%
08/12/21PPI Ex Food, Energy, Trade YoY5.70%6.10%5.50%
08/12/21Langer Consumer Comfort54.653.3
08/13/21Import Price Index MoM0.60%0.30%1.00%1.10%
08/13/21Import Price Index ex Petroleum MoM0.50%0.10%0.70%
08/13/21Import Price Index YoY10.50%10.20%11.20%11.30%
08/13/21Export Price Index MoM0.80%1.30%1.20%
08/13/21Export Price Index YoY16.00%17.20%16.80%16.90%
08/13/21Bloomberg Aug. United States Economic Survey
08/13/21U. of Mich. Sentiment81.281.2
08/13/21U. of Mich. Current Conditions83.584.5
08/13/21U. of Mich. Expectations7879
08/13/21U. of Mich. 1 Yr Inflation4.60%4.70%
08/13/21U. of Mich. 5-10 Yr Inflation2.80%

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.