June 7, 2022 Headlines

Buyers emerged overnight in Treasuries with yields back near the 2022 highs following yesterday’s sell off. Most major global equity indices are in the red today, and S&P 500 futures are down 0.9% currently (8:50am ET). Yesterday’s sell-off in bonds was somewhat attributable to heavy supply in both corporate and government debt, and the next big catalyst for markets will be Thursday’s ECB announcement, followed by the May CPI report on Friday. Looking more holistically at real-time and leading economic indicators, both the Fed’s Weekly Economic Index (WEI) and the Conference Board’s Leading Indicators Index remain well into positive territory at 3.7% and 4.7%, respectively, although both have fallen from 2021 highs. For added perspective, both metrics reached a low of close to -10% in April 2020.

Jason Haley
Chief Investment Officer

DateEventSurv(M)ActualPriorRevised
06/07/22Trade Balance-$89.5b-$87.1b-$109.8b-$107.7b
06/07/22Revisions: Trade Balance
06/07/22Consumer Credit$35.000b$52.435b
06/08/22MBA Mortgage Applications-2.30%
06/08/22Wholesale Trade Sales MoM1.70%
06/08/22Wholesale Inventories MoM2.10%2.10%
06/09/22Initial Jobless Claims207k200k
06/09/22Continuing Claims1303k1309k
06/09/22Bloomberg June United States Economic Survey
06/09/22Household Change in Net Worth$5297b
06/10/22CPI MoM0.70%0.30%
06/10/22CPI Ex Food and Energy MoM0.50%0.60%
06/10/22CPI YoY8.20%8.30%
06/10/22CPI Ex Food and Energy YoY5.90%6.20%
06/10/22CPI Index NSA291.694289.109
06/10/22CPI Core Index SA292.04290.455
06/10/22Real Avg Hourly Earning YoY-2.60%
06/10/22Real Avg Weekly Earnings YoY-3.40%
06/10/22U. of Mich. Sentiment58.258.4
06/10/22U. of Mich. Current Conditions6363.3
06/10/22U. of Mich. Expectations55.655.2
06/10/22U. of Mich. 1 Yr Inflation5.30%5.30%
06/10/22U. of Mich. 5-10 Yr Inflation3.00%
06/10/22Monthly Budget Statement-$147.5b$308.2b

 

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.