February 9, 2021 Headlines

Better demand by Asian investors is pushing Treasury yields lower and flatter this morning, and U.S. equity futures are pointing to a slightly lower open. House Democrats have unveiled the first draft of the Covid relief bill, which still includes the $15 minimum wage hike. A vote on the House floor is expected the week of February 22, and it is constructed in a way that would allow passage in the Senate with just a simple majority.

The NFIB Small Business Optimism Index unexpectedly fell to a 95 reading in January, the lowest since last May and down 9 points from the recent peak in October. A big contributor to the monthly decline was business owner expectations for business conditions over the next six months, which fell to the lowest level since November 2013.

Jason Haley
Chief Investment Officer

Date	Event	Surv(M)	Actual	Prior	Revised
02/08/21	Revisions: CPI
02/09/21	NFIB Small Business Optimism	97	95	95.9	—
02/09/21	JOLTS Job Openings	6400	—	6527	—
02/10/21	MBA Mortgage Applications	—	—	8.10%	—
02/10/21	CPI MoM	0.30%	—	0.40%	0.20%
02/10/21	CPI Ex Food and Energy MoM	0.20%	—	0.10%	0.00%
02/10/21	CPI YoY	1.50%	—	1.40%	—
02/10/21	CPI Ex Food and Energy YoY	1.50%	—	1.60%	—
02/10/21	CPI Index NSA	261.8	—	260.474	—
02/10/21	CPI Core Index SA	270.592	—	270.117	269.94
02/10/21	Real Avg Weekly Earnings YoY	—	—	4.90%	5.30%
02/10/21	Real Avg Hourly Earning YoY	—	—	3.70%	4.10%
02/10/21	Wholesale Trade Sales MoM	—	—	0.20%	—
02/10/21	Wholesale Inventories MoM	0.10%	—	0.10%	—
02/10/21	Monthly Budget Statement	-$150.0b	—	-$32.6b	—
02/10/21-02/13/21	Mortgage Delinquencies	—	—	7.65%	—
02/10/21-02/13/21	MBA Mortgage Foreclosures	—	—	0.59%	—
02/11/21	Initial Jobless Claims	758k	—	779k	—
02/11/21	Continuing Claims	4420k	—	4592k	—
02/11/21	Bloomberg Consumer Comfort	—	—	44.6	—
02/12/21	Bloomberg Feb. United States Economic Survey
02/12/21	U. of Mich. Sentiment	80.9	—	79	—
02/12/21	U. of Mich. Current Conditions	89	—	86.7	—
02/12/21	U. of Mich. Expectations	76	—	74	—
02/12/21	U. of Mich. 1 Yr Inflation	—	—	3.00%	—
02/12/21	U. of Mich. 5-10 Yr Inflation	—	—	2.70%	—
02/12/21	Revisions: PPI

Subscribe Today!

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

Recent Articles

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.