January 13, 2023 Headlines

Treasury yields are 2-3 bps higher this morning and US equity futures are in the red following the release of US bank earnings. Yesterday’s CPI release gave investors hope of a tamer path for rate hikes but earnings numbers from JP Morgan, Bank of America, and the like sparked concerns over the health of the US economy.

Hafizan Hamzah
Senior Director, Investment Management Group

Date Event Surv(M) Actual Prior Revised
01/09/23 Consumer Credit $25.000b $27.962b $27.078b $29.121b
01/10/23 NFIB Small Business Optimism 91.5 89.8 91.9
01/10/23 Wholesale Inventories MoM 1.00% 1.00% 1.00%
01/10/23 Wholesale Trade Sales MoM 0.20% -0.60% 0.40% 0.00%
01/11/23 MBA Mortgage Applications 1.20% -10.30%
01/12/23 CPI MoM -0.10% -0.10% 0.10%
01/12/23 CPI Ex Food and Energy MoM 0.30% 0.30% 0.20%
01/12/23 CPI YoY 6.50% 6.50% 7.10%
01/12/23 CPI Ex Food and Energy YoY 5.70% 5.70% 6.00%
01/12/23 CPI Index NSA 296.699 296.797 297.711
01/12/23 CPI Core Index SA 300.746 300.974 300.066
01/12/23 Real Avg Hourly Earning YoY -1.70% -1.90% -2.10%
01/12/23 Real Avg Weekly Earnings YoY -3.10% -3.00% -3.30%
01/12/23 Initial Jobless Claims 215k 205k 204k 206k
01/12/23 Continuing Claims 1710k 1634k 1694k 1697k
01/12/23 Monthly Budget Statement -$65.0b -$85.0b -$21.3b
01/13/23 Import Price Index MoM -0.90% 0.40% -0.60% -0.70%
01/13/23 Import Price Index ex Petroleum MoM -0.30% 0.80% -0.30%
01/13/23 Import Price Index YoY 2.20% 3.50% 2.70%
01/13/23 Export Price Index MoM -0.70% -2.60% -0.30% -0.40%
01/13/23 Export Price Index YoY 7.30% 5.00% 6.30% 6.10%
01/13/23 U. of Mich. Sentiment 60.7 59.7
01/13/23 U. of Mich. Current Conditions 60 59.4
01/13/23 U. of Mich. Expectations 59 59.9
01/13/23 U. of Mich. 1 Yr Inflation 4.30% 4.40%
01/13/23 U. of Mich. 5-10 Yr Inflation 2.90% 2.90%

 

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.