December 8, 2021 Headlines

Treasury yields have moved higher following news that a third vaccine dose neutralizes the latest COVID variant. Futures on the Dow and S&P are both pointing to a higher open. Preliminary data from Pfizer and BioNTech increases antibodies and has shown to help fight off the omicron variant. This news has helped to assuage fears of a new round of lockdowns, which had roiled markets recently.

Hafizan Hamzah
Director, Investment Management Group

Date Event Surv(M) Actual Prior Revised
12/07/21 Nonfarm Productivity -4.90% -5.20% -5.00% —
12/07/21 Unit Labor Costs 8.30% 9.60% 8.30% —
12/07/21 Trade Balance -$66.8b -$67.1b -$80.9b -$81.4b
12/07/21 Consumer Credit $25.000b $16.897b $29.913b $27.823b
12/08/21 MBA Mortgage Applications — 2.00% -7.20% —
12/08/21 JOLTS Job Openings 10469k — 10438k —
12/09/21 Initial Jobless Claims 220k — 222k —
12/09/21 Continuing Claims 1910k — 1956k —
12/09/21 Langer Consumer Comfort — — 51 —
12/09/21 Wholesale Trade Sales MoM 1.00% — 1.10% —
12/09/21 Wholesale Inventories MoM 2.20% — 2.20% —
12/09/21 Household Change in Net Worth — — $5849b —
12/10/21 Real Avg Hourly Earning YoY — — -1.20% -1.30%
12/10/21 CPI MoM 0.70% — 0.90% —
12/10/21 CPI Ex Food and Energy MoM 0.50% — 0.60% —
12/10/21 CPI YoY 6.80% — 6.20% —
12/10/21 CPI Ex Food and Energy YoY 4.90% — 4.60% —
12/10/21 CPI Index NSA 278.113 — 276.589 —
12/10/21 CPI Core Index SA 283.524 — 281.695 —
12/10/21 Real Avg Weekly Earnings YoY — — -1.60% —
12/10/21 U. of Mich. Sentiment 68 — 67.4 —
12/10/21 U. of Mich. Current Conditions 73.4 — 73.6 —
12/10/21 U. of Mich. Expectations 62 — 63.5 —
12/10/21 U. of Mich. 1 Yr Inflation 5.00% — 4.90% —
12/10/21 U. of Mich. 5-10 Yr Inflation — — 3.00% —
12/10/21 Monthly Budget Statement -$194.0b — -$165.1b —

 

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