June 6, 2019 Headlines

The yield curve bull-flattened overnight with the 10-year down 2.5bps to 2.11% and US equity futures are pointing to an unchanged open. Tariffs and trade negotiation continue to dominate the headlines as talks with Mexican officials ended Wednesday without an agreement. If no agreement is reached by Monday, the 5% tariff level will begin. In addition, President Trump provided an update regarding trade negotiations with China, stating progress is being made and a decision on increasing tariffs will come in the next two weeks.

Chris Eckhoff
Associate, Investment Management Group

DateEventSurveyActualPriorRevised
6/3/2019Markit US Manufacturing PMI50.650.550.6
6/3/2019ISM Manufacturing5352.152.8
6/3/2019ISM Employment53.752.4
6/3/2019ISM Prices Paid5153.250
6/3/2019ISM New Orders52.751.7
6/3/2019Construction Spending MoM0.40%0.00%-0.90%0.10%
6/3/2019Wards Total Vehicle Sales16.90m17.30m16.40m
6/4/2019Factory Orders-1.00%-0.80%1.90%1.30%
6/4/2019Factory Orders Ex Trans0.30%0.80%0.30%
6/4/2019Durable Goods Orders-2.10%-2.10%
6/4/2019Durables Ex Transportation0.00%0.00%
6/4/2019Cap Goods Orders Nondef Ex Air-1.00%-0.90%
6/4/2019Cap Goods Ship Nondef Ex Air0.00%0.00%
6/5/2019MBA Mortgage Applications1.50%-3.30%
6/5/2019ADP Employment Change185k27k275k271k
6/5/2019Markit US Services PMI50.950.950.9
6/5/2019Markit US Composite PMI50.950.9
6/5/2019ISM Non-Manufacturing Index55.456.955.5
6/5/2019U.S. Federal Reserve Releases Beige Book
6/6/2019Challenger Job Cuts YoY85.90%10.90%
6/6/2019Revisions: Trade Balance
6/6/2019Trade Balance-$50.7b-$50.8b-$50.0b-$51.9b
6/6/2019Nonfarm Productivity3.50%3.40%3.60%
6/6/2019Unit Labor Costs-0.90%-1.60%-0.90%
6/6/2019Initial Jobless Claims215k218k215k218k
6/6/2019Continuing Claims1660k1682k1657k1662k
6/6/2019Bloomberg Consumer Comfort60.8
6/6/2019Household Change in Net Worth-$3730b
6/7/2019Change in Nonfarm Payrolls180k263k
6/7/2019Two-Month Payroll Net Revision
6/7/2019Change in Private Payrolls172k236k
6/7/2019Change in Manufact. Payrolls3k4k
6/7/2019Unemployment Rate3.60%3.60%
6/7/2019Average Hourly Earnings MoM0.30%0.20%
6/7/2019Average Hourly Earnings YoY3.20%3.20%
6/7/2019Average Weekly Hours All Employees34.534.4
6/7/2019Labor Force Participation Rate62.80%
6/7/2019Underemployment Rate7.30%
6/7/2019Wholesale Trade Sales MoM-0.20%2.30%
6/7/2019Wholesale Inventories MoM0.70%0.70%
6/7/2019Consumer Credit$13.000b$10.281b

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.