December 18, 2019 Headlines

Treasury prices are unchanged to slightly lower this morning following an uneventful overnight session. S&P 500 futures are essentially unchanged as well ahead of the open.  The House will vote on impeachment articles against President Trump today, and while the House vote is largely expected to pass, there is a very high probability that the Senate will acquit the president. As such, financial markets have been more dismissive of this event. Boston Fed President Eric Rosengren expressed confidence in the Fed’s decision to keep rate policy on hold for the near term during a speech yesterday. Rosengren had voted against all three rate cuts this year, citing financial stability concerns on multiple occasions.

Jason Haley
Chief Investment Officer

DateEventSurveyActualPriorRevised
12/18/2019MBA Mortgage Applications—-5.00%3.80%—
12/19/2019Current Account Balance-$122.0b—-$128.2b—
12/19/2019Philadelphia Fed Business Outlook8—10.4—
12/19/2019Initial Jobless Claims225k—252k—
12/19/2019Continuing Claims1676k—1667k—
12/19/2019Bloomberg Consumer Comfort——62.1—
12/19/2019Bloomberg Economic Expectations——51.5—
12/19/2019Leading Index0.10%—-0.10%—
12/19/2019Existing Home Sales5.44m—5.46m—
12/19/2019Existing Home Sales MoM-0.40%—1.90%—
12/20/2019GDP Annualized QoQ2.10%—2.10%—
12/20/2019Personal Consumption2.90%—2.90%—
12/20/2019GDP Price Index1.80%—1.80%—
12/20/2019Core PCE QoQ2.10%—2.10%—
12/20/2019Personal Income0.30%—0.00%—
12/20/2019Personal Spending0.40%—0.30%—
12/20/2019Real Personal Spending0.20%—0.10%—
12/20/2019PCE Deflator MoM0.20%—0.20%—
12/20/2019PCE Deflator YoY1.40%—1.30%—
12/20/2019PCE Core Deflator MoM0.10%—0.10%—
12/20/2019PCE Core Deflator YoY1.50%—1.60%—
12/20/2019U. of Mich. Sentiment99.2—99.2—
12/20/2019U. of Mich. Current Conditions——115.2—
12/20/2019U. of Mich. Expectations——88.9—
12/20/2019U. of Mich. 1 Yr Inflation——2.40%—
12/20/2019U. of Mich. 5-10 Yr Inflation——2.30%—
12/20/2019Kansas City Fed Manf. Activity-3—-3—

 

Subscribe Today!

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

Subscribe
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.