July 22, 2020 Headlines

The US Treasury curve bull-flattened overnight as China-US tensions flared up after the abrupt closure of a Chinese consulate in Houston and uncertainty surrounding the next phase of stimulus measures. In a statement early Wednesday, the State Department confirmed the directed closure of the Chinese consulate in order to protect intellectual property and private information. China’s foreign ministry was given 72 hours to close its consulate in Houston and immediately threatened to retaliate unless the US reverses the decision. After the European Union agreed on a landmark stimulus bill early in the week, the focus has shifted to the “Phase 4” stimulus package currently being negotiated in Washington. Current benefits implemented at the beginning of the pandemic, such as increased unemployment payments, will start to phase out at the end of July.

Chris Eckhoff
Associate, Investment Management Group

Date	Event	Survey	Actual	Prior	Revised
7/21/20	Chicago Fed Nat Activity Index	4	4.11	2.61	3.5
7/22/20	MBA Mortgage Applications	—	4.10%	5.10%	—
7/22/20	FHFA House Price Index MoM	0.30%	-0.30%	0.20%	0.10%
7/22/20	Existing Home Sales	4.75m	4.72m	3.91m	—
7/22/20	Existing Home Sales MoM	21.40%	20.70%	-9.70%	—
7/23/20	Initial Jobless Claims	1300k	—	1300k	—
7/23/20	Continuing Claims	17100k	—	17338k	—
7/23/20	Bloomberg Economic Expectations	—	—	38	—
7/23/20	Bloomberg Consumer Comfort	—	—	44.3	—
7/23/20	Leading Index	2.10%	—	2.80%	—
7/23/20	Kansas City Fed Manf. Activity	5	—	1	—
7/24/20	Markit US Manufacturing PMI	52	—	49.8	—
7/24/20	Markit US Services PMI	51	—	47.9	—
7/24/20	Markit US Composite PMI	—	—	47.9	—
7/24/20	New Home Sales	700k	—	676k	—
7/24/20	New Home Sales MoM	3.60%	—	16.60%	—

Subscribe Today!

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

Recent Articles

DDJ Myers Becomes An ALM First Company July 1, 2022
July 1, 2022 Headlines July 1, 2022
June 30, 2022 Headlines June 30, 2022

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.