June 1, 2020 Headlines

The Treasury curve is steeper this morning with the 2-year essentially unchanged while the 10-year sits 2 basis points higher to Friday’s close. Equity futures are pointing to a lower open this morning following fresh signs of increasing tensions between the US and China as well as a weekend or protests across the nation. The Chinese government told large agricultural businesses to halt the import of US farm goods such as soybeans. The directive came in response to criticism from President Trump in regard to China’s handling of Hong Kong.

Hafizan Hamzah
Director, Investment Management Group

6/1/2020Markit US Manufacturing PMI4039.8
6/1/2020Construction Spending MoM-7.00%0.90%
6/1/2020ISM Manufacturing43.841.5
6/1/2020ISM New Orders27.1
6/1/2020ISM Prices Paid4035.3
6/1/2020ISM Employment27.5
6/2/2020Wards Total Vehicle Sales11.20m8.58m
6/3/2020MBA Mortgage Applications2.70%
6/3/2020ADP Employment Change-9500k-20236k
6/3/2020Markit US Services PMI37.436.9
6/3/2020Markit US Composite PMI36.4
6/3/2020Factory Orders Ex Trans-3.70%-3.60%
6/3/2020Factory Orders-14.00%-10.30%-10.40%
6/3/2020Durable Goods Orders-17.20%-17.20%
6/3/2020ISM Non-Manufacturing Index44.541.8
6/3/2020Durables Ex Transportation-7.40%-7.40%
6/3/2020Cap Goods Orders Nondef Ex Air-5.80%
6/3/2020Cap Goods Ship Nondef Ex Air-5.40%
6/4/2020Challenger Job Cuts YoY1576.90%
6/4/2020Trade Balance-$49.2b-$44.4b
6/4/2020Nonfarm Productivity-2.60%-2.50%
6/4/2020Unit Labor Costs4.90%4.80%
6/4/2020Initial Jobless Claims1800k2123k
6/4/2020Continuing Claims19520k21052k
6/4/2020Bloomberg Consumer Comfort35.5
6/5/2020Change in Nonfarm Payrolls-8000k-20537k
6/5/2020Average Weekly Hours All Employees34.334.2
6/5/2020Change in Private Payrolls-7250k-19557k
6/5/2020Two-Month Payroll Net Revision
6/5/2020Change in Manufact. Payrolls-400k-1330k
6/5/2020Unemployment Rate19.60%14.70%
6/5/2020Average Hourly Earnings MoM0.90%4.70%
6/5/2020Average Hourly Earnings YoY8.50%7.90%
6/5/2020Labor Force Participation Rate60.20%
6/5/2020Underemployment Rate22.80%
6/5/2020Consumer Credit-$17.500b-$12.044b


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.