June 11, 2021 Headlines

Markets continue to digest yesterday’s CPI report that supported the Federal Reserve’s view of transitory inflation pressure. The headline report showed CPI increased 0.6% in May due to costs for used cars, household furnishings, airfare, and apparel. Core CPI, which excludes volatile food and energy costs, grew by 0.7% MoM or 3.8% YoY because of the pandemic base effect. Initially, US Treasury sold-off on the news but reversed course and rallied throughout the trading session.  This morning, the 10-year yield is 1.45% and S&P500 futures are up 0.13%.

Hafizan Hamzah
Director, Investment Management Group

6/7/2021Consumer Credit$20.000b$18.612b$25.841b$18.584b
6/8/2021NFIB Small Business Optimism10199.699.8
6/8/2021Revisions: Trade Balance
6/8/2021Trade Balance-$68.7b-$68.9b-$74.4b-$75.0b
6/8/2021JOLTS Job Openings8200k9286k8123k8288k
6/9/2021MBA Mortgage Applications-3.10%-4.00%
6/9/2021Wholesale Inventories MoM0.80%0.80%0.80%
6/9/2021Wholesale Trade Sales MoM0.80%4.60%4.30%
6/10/2021CPI MoM0.50%0.60%0.80%
6/10/2021CPI Ex Food and Energy MoM0.50%0.70%0.90%
6/10/2021CPI YoY4.70%5.00%4.20%
6/10/2021CPI Ex Food and Energy YoY3.50%3.80%3.00%
6/10/2021CPI Index NSA268.681269.195267.054
6/10/2021CPI Core Index SA275.058275.718273.7
6/10/2021Real Avg Weekly Earnings YoY-2.20%-1.40%-1.70%
6/10/2021Real Avg Hourly Earning YoY-2.80%-3.70%
6/10/2021Initial Jobless Claims370k376k385k
6/10/2021Continuing Claims3665k3499k3771k3757k
6/10/2021Langer Consumer Comfort55.455.6
6/10/2021Household Change in Net Worth$4997b$6925b$8064b
6/10/2021Monthly Budget Statement-$250.0b-$132.0b-$398.8b
6/11/2021Bloomberg June United States Economic Survey
6/11/2021U. of Mich. Sentiment84.286.482.9
6/11/2021U. of Mich. Current Conditions91.390.689.4
6/11/2021U. of Mich. Expectations78.783.878.8
6/11/2021U. of Mich. 1 Yr Inflation4.70%4.00%4.60%
6/11/2021U. of Mich. 5-10 Yr Inflation2.80%3.00%

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.