August 19, 2021 Headlines

Covid worries and supply chain issues are weighing on investor sentiment again this morning. Treasury yields are lower/flatter, and U.S. equity futures are down 55-90 basis points ahead of the open. Toyota announced that it will slash car production in September by 40% due to ongoing chip shortages. Yesterday’s FOMC minutes revealed that “most participants” feel that tapering will need to begin in 2021, but “several others” felt that a reduction in the pace of asset purchases was “more likely to become appropriate early next year.” The bigger question mark related to tapering will be the pace of purchase reductions (i.e., how many months will the reductions be spread out over?).
Jason Haley
Chief Investment Officer

8/19/2021Initial Jobless Claims364k348k375k377k
8/19/2021Continuing Claims2800k2820k2866k2899k
8/19/2021Philadelphia Fed Business Outlook23.119.421.9
8/19/2021Langer Consumer Comfort54.6
8/19/2021Mortgage Delinquencies6.38%
8/19/2021MBA Mortgage Foreclosures0.54%
8/19/2021Leading Index0.70%0.70%

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.