July 1, 2022 Headlines

A risk off tone has taken hold of the market to start the third quarter of this year. Equity futures are all in the red with the major US indices down 0.25% as investors rotate into safe haven assets like Treasuries. Treasury yields are down 7 to 14 bps across the curve. The catalyst remains concerns over a hard landing as the Fed and other central banks work to combat inflation.

As a reminder, the bond market will be closing early today at 2 PM EDT ahead of the Independence Day holiday on Monday.

Hafizan Hamzah
Senior Director, Investment Management Group

Date	Event	Surv(M)	Actual	Prior	Revised
06/27/22	Durable Goods Orders	0.10%	0.70%	0.50%	0.40%
06/27/22	Durables Ex Transportation	0.30%	0.70%	0.40%	0.20%
06/27/22	Cap Goods Orders Nondef Ex Air	0.20%	0.50%	0.40%	0.30%
06/27/22	Cap Goods Ship Nondef Ex Air	0.20%	0.80%	0.80%	—
06/27/22	Pending Home Sales MoM	-4.00%	0.70%	-3.90%	-4.00%
06/27/22	Pending Home Sales NSA YoY	—	-12.00%	-11.50%	—
06/27/22	Dallas Fed Manf. Activity	-6.5	-17.7	-7.3	—
06/28/22	Advance Goods Trade Balance	-$104.8b	-$104.3b	-$105.9b	-$106.7b
06/28/22	Wholesale Inventories MoM	2.10%	2.00%	2.20%	2.30%
06/28/22	Retail Inventories MoM	1.80%	1.10%	0.70%	—
06/28/22	FHFA House Price Index MoM	1.40%	1.60%	1.50%	1.60%
06/28/22	S&P CoreLogic CS 20-City MoM SA	1.90%	1.77%	2.42%	2.41%
06/28/22	S&P CoreLogic CS 20-City YoY NSA	21.05%	21.23%	21.17%	21.15%
06/28/22	S&P CoreLogic CS US HPI YoY NSA	—	20.39%	20.55%	20.64%
06/28/22	Richmond Fed Manufact. Index	-7	-11	-9	—
06/28/22	Conf. Board Consumer Confidence	100	98.7	106.4	103.2
06/28/22	Conf. Board Present Situation	—	147.1	149.6	147.4
06/28/22	Conf. Board Expectations	—	66.4	77.5	73.7
06/29/22	MBA Mortgage Applications	—	0.70%	4.20%	—
06/29/22	GDP Annualized QoQ	-1.50%	-1.60%	-1.50%	—
06/29/22	Personal Consumption	3.10%	1.80%	3.10%	—
06/29/22	GDP Price Index	8.10%	8.20%	8.10%	—
06/29/22	Core PCE QoQ	5.10%	5.20%	5.10%	—
06/30/22	Personal Income	0.50%	0.50%	0.40%	0.50%
06/30/22	Personal Spending	0.40%	0.20%	0.90%	0.60%
06/30/22	Real Personal Spending	-0.30%	-0.40%	0.70%	0.30%
06/30/22	PCE Deflator MoM	0.70%	0.60%	0.20%	—
06/30/22	PCE Deflator YoY	6.40%	6.30%	6.30%	—
06/30/22	PCE Core Deflator MoM	0.40%	0.30%	0.30%	—
06/30/22	PCE Core Deflator YoY	4.80%	4.70%	4.90%	—
06/30/22	Initial Jobless Claims	230k	231k	229k	233k
06/30/22	Continuing Claims	1318k	1328k	1315k	1331k
06/30/22	MNI Chicago PMI	58	56	60.3	—
07/01/22	S&P Global US Manufacturing PMI	52.4	—	52.4	—
07/01/22	Construction Spending MoM	0.40%	—	0.20%	—
07/01/22	ISM Manufacturing	54.5	—	56.1	—
07/01/22	ISM Prices Paid	80	—	82.2	—
07/01/22	ISM New Orders	52	—	55.1	—
07/01/22	ISM Employment	50	—	49.6	—
07/01/22	Wards Total Vehicle Sales	13.30m	—	12.68m	—

Subscribe Today!

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

Recent Articles

December 8, 2023 Headlines December 8, 2023
December 7, 2023 Headlines December 7, 2023
December 6, 2023 Headlines December 6, 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.