June 28, 2019 Headlines

Global markets are relatively quiet this morning ahead of the Trump/Xi meeting later tonight at the G-20 summit in Japan. Treasury prices are essentially unchanged on the day, and S&P 500 futures are up 0.23%. President Trump has made positive/hopeful comments ahead of his meeting with Xi, but at this point, another cease-fire agreement would be a positive outcome from a market perspective.

May personal income, spending, and inflation data were generally positive. The spending growth data was actually lower than expected, but that was due in part to the fact that the prior month was revised higher. Core PCE was in line with expectations on a month-over-month basis (0.2%), and the year-over-year measure actually held at 1.6% (markets expected 1.5%).

Jason Haley
Managing Director, Investment Management Group

DateEventSurveyActualPriorRevised
6/28/2019Personal Income0.30%0.50%0.50%
6/28/2019Personal Spending0.50%0.40%0.30%0.60%
6/28/2019Real Personal Spending0.40%0.20%0.00%0.20%
6/28/2019PCE Deflator MoM0.20%0.20%0.30%
6/28/2019PCE Deflator YoY1.50%1.50%1.50%1.60%
6/28/2019PCE Core Deflator MoM0.20%0.20%0.20%
6/28/2019PCE Core Deflator YoY1.50%1.60%1.60%
6/28/2019MNI Chicago PMI53.554.2
6/28/2019U. of Mich. Sentiment97.997.9
6/28/2019U. of Mich. Current Conditions112.5
6/28/2019U. of Mich. Expectations88.6
6/28/2019U. of Mich. 1 Yr Inflation2.60%
6/28/2019U. of Mich. 5-10 Yr Inflation2.20%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.