February 12, 2021 Headlines

With several Asian markets closed for Lunar New Year, it was another quiet overnight session. Despite a modest risk-off tone in equities this morning, Treasury yields are drifting higher and steeper. For equities, the Q4 earnings season continues to produce positive results. Almost 80% of S&P 500 companies have reported earnings above earnings per share (EPS) estimates, and 9 of 11 sectors in the index have reported positive earnings growth (6 posted double-digit growth rates).  As a reminder, U.S. markets will be closed Monday in observance of Presidents Day.  

Jason Haley
Chief Investment Officer

Date TimeEventSurveyActualPriorRevised
2/8/2021Revisions: CPI
2/9/2021NFIB Small Business Optimism979595.9
2/9/2021JOLTS Job Openings6400664665276572
2/10/2021MBA Mortgage Applications-4.10%8.10%
2/10/2021CPI MoM0.30%0.30%0.40%0.20%
2/10/2021CPI Ex Food and Energy MoM0.20%0.00%0.10%0.00%
2/10/2021CPI YoY1.50%1.40%1.40%
2/10/2021CPI Ex Food and Energy YoY1.50%1.40%1.60%
2/10/2021CPI Index NSA261.8261.582260.474
2/10/2021CPI Core Index SA270.592270.025270.117269.94
2/10/2021Real Avg Weekly Earnings YoY6.10%4.90%5.30%
2/10/2021Real Avg Hourly Earning YoY4.00%3.70%4.10%
2/10/2021Wholesale Inventories MoM0.10%0.30%0.10%
2/10/2021Wholesale Trade Sales MoM1.20%0.20%0.30%
2/10/2021Monthly Budget Statement-$157.5b-$162.8b-$32.6b
2/11/2021Initial Jobless Claims760k793k779k812k
2/11/2021Continuing Claims4420k4545k4592k4690k
2/11/2021Bloomberg Consumer Comfort44.944.6
2/11/2021Mortgage Delinquencies6.73%7.65%
2/11/2021MBA Mortgage Foreclosures0.56%0.59%
2/12/2021Bloomberg Feb. United States Economic Survey
2/12/2021U. of Mich. Sentiment80.979
2/12/2021U. of Mich. Current Conditions8986.7
2/12/2021U. of Mich. Expectations7674
2/12/2021U. of Mich. 1 Yr Inflation3.00%
2/12/2021U. of Mich. 5-10 Yr Inflation2.70%
2/12/2021Revisions: PPI

Subscribe Today!

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

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.