August 30, 2019 Headlines

The month of August is typically lethargic as market participants focus on summer vacation, however, this year the month has brought volatility. Yesterday, positive trade headlines surfaced that China was not looking to escalate current trade tensions. While vague, the comments initiated a risk on trade that has carried optimism into this morning with S&P 500 futures up .53% and Treasury yields 1-2bps higher. Although there is not an official early close, trading desks will be lightly staffed in anticipation of the Labor Day. Have a great holiday weekend!

Chris Eckhoff
Associate, Investment Management Group

Date	Event	Survey	Actual	Prior	Revised
8/26/2019	Chicago Fed Nat Activity Index	0	-0.36	-0.02	0.03
8/26/2019	Durable Goods Orders	1.20%	2.10%	1.90%	1.80%
8/26/2019	Durables Ex Transportation	0.00%	-0.40%	1.00%	0.80%
8/26/2019	Cap Goods Orders Nondef Ex Air	0.00%	0.40%	1.50%	0.90%
8/26/2019	Cap Goods Ship Nondef Ex Air	0.10%	-0.70%	0.30%	0.00%
8/26/2019	Dallas Fed Manf. Activity	-4	2.7	-6.3	—
8/27/2019	House Price Purchase Index QoQ	0.30%	1.00%	1.10%	1.30%
8/27/2019	FHFA House Price Index MoM	0.20%	0.20%	0.10%	0.20%
8/27/2019	S&P CoreLogic CS 20-City MoM SA	0.10%	0.04%	0.14%	0.13%
8/27/2019	S&P CoreLogic CS 20-City YoY NSA	2.30%	2.13%	2.39%	2.37%
8/27/2019	S&P CoreLogic CS 20-City NSA Index	218.02	217.65	216.94	216.92
8/27/2019	S&P CoreLogic CS US HPI YoY NSA	3.30%	3.13%	3.43%	3.35%
8/27/2019	S&P CoreLogic CS US HPI NSA Index	—	210.71	209.66	209.49
8/27/2019	Richmond Fed Manufact. Index	-4	1	-12	—
8/27/2019	Conf. Board Consumer Confidence	129	135.1	135.7	135.8
8/27/2019	Conf. Board Present Situation	—	177.2	170.9	—
8/27/2019	Conf. Board Expectations	—	107	112.2	112.4
8/28/2019	MBA Mortgage Applications	—	-6.20%	-0.90%	—
8/29/2019	GDP Annualized QoQ	2.00%	2.00%	2.10%	—
8/29/2019	Personal Consumption	4.30%	4.70%	4.30%	—
8/29/2019	GDP Price Index	2.40%	2.40%	2.40%	—
8/29/2019	Core PCE QoQ	1.80%	1.70%	1.80%	—
8/29/2019	Advance Goods Trade Balance	-$74.4b	-$72.3b	-$74.2b	—
8/29/2019	Retail Inventories MoM	0.30%	0.80%	-0.10%	-0.30%
8/29/2019	Wholesale Inventories MoM	0.20%	0.20%	0.00%	—
8/29/2019	Initial Jobless Claims	214k	215k	209k	211k
8/29/2019	Continuing Claims	1686k	1698k	1674k	1676k
8/29/2019	Bloomberg Consumer Comfort	—	62.5	61.5	—
8/29/2019	Pending Home Sales MoM	0.00%	-2.50%	2.80%	—
8/29/2019	Pending Home Sales NSA YoY	1.80%	1.70%	-0.60%	—
8/30/2019	Personal Income	0.30%	0.10%	0.40%	0.50%
8/30/2019	Personal Spending	0.50%	0.60%	0.30%	—
8/30/2019	Real Personal Spending	0.30%	0.40%	0.20%	—
8/30/2019	PCE Deflator MoM	0.20%	0.20%	0.10%	—
8/30/2019	PCE Deflator YoY	1.40%	1.40%	1.40%	1.30%
8/30/2019	PCE Core Deflator MoM	0.20%	0.20%	0.20%	—
8/30/2019	PCE Core Deflator YoY	1.60%	1.60%	1.60%	—
8/30/2019	MNI Chicago PMI	47.5	—	44.4	—
8/30/2019	U. of Mich. Sentiment	92.4	—	92.1	—
8/30/2019	U. of Mich. Current Conditions	—	—	107.4	—
8/30/2019	U. of Mich. Expectations	—	—	82.3	—
8/30/2019	U. of Mich. 1 Yr Inflation	—	—	2.70%	—
8/30/2019	U. of Mich. 5-10 Yr Inflation	—	—	2.60%	—

Subscribe Today!

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

Recent Articles

January 15, 2021 Headlines January 15, 2021
Early-Bird Registration Now Open for Virtual 2021 ALM First Financial Institute January 14, 2021
January 14, 2021 Headlines January 14, 2021

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.