February 20th Headlines

by Jason Haley | Feb 20, 2019 | Beyond the Headlines

It’s relatively quiet in the broad financial markets today. Asian and European equity indices are modestly higher, and S&P 500 futures are essentially unchanged. Treasury prices are unchanged to slightly lower. Markets await the release of the January 30 FOMC minutes this afternoon, particularly as it relates to the Committee’s discussion of balance sheet normalization plans. As noted yesterday, the Fed policy conference in New York on Friday could offer additional color on this topic. There are several Fed leaders scheduled to speak on various topics, including balance sheet plans.

Jason Haley
Managing Director, Investment Management Group

Date	Event	Surv(M)	Actual	Prior	Revised
2/19/2019	NAHB Housing Market Index	59	62	58	—
2/20/2019	MBA Mortgage Applications	—	3.60%	-3.70%	-6.90%
2/21/2019	FOMC Meeting Minutes	—	—	—	—
2/22/2019	FOMC Minutes Released Live on Web
2/23/2019	Philadelphia Fed Business Outlook	14	—	17	—
2/24/2019	Initial Jobless Claims	228k	—	239k	—
2/25/2019	Continuing Claims	1743k	—	1773k	—
2/26/2019	Durable Goods Orders	1.70%	—	0.70%	—
2/27/2019	Durables Ex Transportation	0.30%	—	-0.40%	—
2/28/2019	Cap Goods Orders Nondef Ex Air	0.20%	—	-0.60%	—
3/1/2019	Cap Goods Ship Nondef Ex Air	0.00%	—	-0.20%	—
3/2/2019	Bloomberg Consumer Comfort	—	—	60	—
3/3/2019	Bloomberg Economic Expectations	—	—	44.5	—
3/4/2019	Markit US Manufacturing PMI	54.8	—	54.9	—
3/5/2019	Markit US Services PMI	54.3	—	54.2	—
3/6/2019	Markit US Composite PMI	—	—	54.4	—
3/7/2019	Leading Index	0.10%	—	-0.10%	—
3/8/2019	Revisions: Existing Home Sales
3/9/2019	Existing Home Sales	5.00m	—	4.99m	—
3/10/2019	Existing Home Sales MoM	0.20%	—	-6.40%	—

Recent Articles

December 5, 2023 Headlines December 5, 2023
December 2023 Market Commentary December 5, 2023
December 4, 2023 Headlines December 4, 2023

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.