January 17, 2020 Headlines

The US Treasury announced that 20-year bonds will begin to be issued in the first half of this year pushing yields higher overnight. Back in October, the government was considering several new debt products to attract additional investment and fund the expected growth in federal budget deficits. More details about the launch will be released at the next quarterly refunding announcement in early February. S&P 500 futures are up .20% as reported earnings have been positive in addition to a supportive retail sales release driving the risk-on sentiment. Earning season will continue to ramp up next week as only 38 out of the S&P 500 have reported.

Chris Eckhoff
Associate, Investment Management Group

1/13/2020Monthly Budget Statement-$15.0b-$13.3b-$13.5b
1/14/2020NFIB Small Business Optimism104.6102.7104.7
1/14/2020CPI MoM0.30%0.20%0.30%
1/14/2020CPI Ex Food and Energy MoM0.20%0.10%0.20%
1/14/2020CPI YoY2.40%2.30%2.10%
1/14/2020CPI Ex Food and Energy YoY2.30%2.30%2.30%
1/14/2020CPI Core Index SA266.11265.92265.62
1/14/2020CPI Index NSA257.17256.97257.21
1/14/2020Real Avg Weekly Earnings YoY0.00%1.10%0.80%
1/14/2020Real Avg Hourly Earning YoY0.60%1.10%
1/15/2020MBA Mortgage Applications30.20%13.50%
1/15/2020PPI Final Demand MoM0.20%0.10%0.00%
1/15/2020PPI Ex Food and Energy MoM0.20%0.10%-0.20%
1/15/2020PPI Ex Food, Energy, Trade MoM0.20%0.10%0.00%
1/15/2020PPI Final Demand YoY1.30%1.30%1.10%
1/15/2020PPI Ex Food and Energy YoY1.30%1.10%1.30%
1/15/2020PPI Ex Food, Energy, Trade YoY1.50%1.30%
1/15/2020Revisions: NY Federal Reserve Empire Manufacturing
1/15/2020Empire Manufacturing3.
1/15/2020U.S. Federal Reserve Releases Beige Book
1/16/2020Philadelphia Fed Business Outlook3.8170.32.4
1/16/2020Import Price Index MoM0.30%0.30%0.20%0.10%
1/16/2020Import Price Index ex Petroleum MoM0.10%0.20%0.20%0.10%
1/16/2020Import Price Index YoY0.50%0.50%-1.30%
1/16/2020Export Price Index MoM0.20%-0.20%0.20%
1/16/2020Export Price Index YoY-0.70%-1.30%-1.20%
1/16/2020Retail Sales Advance MoM0.30%0.30%0.20%0.30%
1/16/2020Retail Sales Ex Auto MoM0.50%0.70%0.10%0.00%
1/16/2020Retail Sales Ex Auto and Gas0.40%0.50%0.00%-0.20%
1/16/2020Retail Sales Control Group0.40%0.50%0.10%-0.10%
1/16/2020Initial Jobless Claims218k204k214k
1/16/2020Continuing Claims1750k1767k1803k1804k
1/16/2020Bloomberg Consumer Comfort6665.1
1/16/2020Business Inventories-0.20%-0.20%0.20%0.10%
1/16/2020NAHB Housing Market Index747576
1/16/2020Net Long-term TIC Flows$22.9b$32.5b$31.5b
1/16/2020Total Net TIC Flows$73.1b-$48.3b-$62.0b
1/17/2020Housing Starts1380k1608k1365k1375k
1/17/2020Housing Starts MoM1.10%16.90%3.20%2.60%
1/17/2020Building Permits1460k1416k1482k1474k
1/17/2020Building Permits MoM-1.50%-3.90%1.40%0.90%
1/17/2020Industrial Production MoM-0.20%-0.30%1.10%0.80%
1/17/2020Capacity Utilization77.00%77.00%77.30%77.40%
1/17/2020Manufacturing (SIC) Production-0.10%0.20%1.10%1.00%
1/17/2020U. of Mich. Sentiment99.399.3
1/17/2020U. of Mich. Current Conditions115.3115.5
1/17/2020U. of Mich. Expectations8988.9
1/17/2020U. of Mich. 1 Yr Inflation2.30%
1/17/2020U. of Mich. 5-10 Yr Inflation2.20%
1/17/2020JOLTS Job Openings72507267





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.