March 11, 2020 Headlines

Risk-off sentiment return to the market overnight after rebounding yesterday on President Trump’s announcement of fiscal stimulus to reduce the impact of the coronavirus. So far, lawmaker’s have failed to offer specific details on the proposal causing the US Treasury curve to bull-flatten with 10-year yield reaching a low of .65% and sending S&P 500 futures down 3%. While fiscal policy is still be debated, central banks continue to provide relief. The Bank of England unanimously voted to issue an emergency rate cut, lowing short-term rates by 50bps. Now all the attention has turned to the European Central Bank which concludes its scheduled meeting tomorrow.

Chris Eckhoff
Associate, Investment Management Group

Date	Event	Survey	Actual	Prior	Revised
3/10/2020	NFIB Small Business Optimism	102.9	104.5	104.3	—
3/11/2020	MBA Mortgage Applications	—	55.40%	15.10%	—
3/11/2020	CPI MoM	0.00%	0.10%	0.10%	—
3/11/2020	CPI Ex Food and Energy MoM	0.20%	0.20%	0.20%	—
3/11/2020	CPI YoY	2.20%	2.30%	2.50%	—
3/11/2020	CPI Ex Food and Energy YoY	2.30%	2.40%	2.30%	—
3/11/2020	CPI Index NSA	258.455	258.68	257.971	—
3/11/2020	CPI Core Index SA	266.913	267.07	266.476	—
3/11/2020	Real Avg Weekly Earnings YoY	—	0.70%	0.00%	—
3/11/2020	Real Avg Hourly Earning YoY	—	0.60%	0.60%	0.50%
3/11/2020	Monthly Budget Statement	-$236.8b	—	-$234.0b	—
3/12/2020	PPI Final Demand MoM	-0.10%	—	0.50%	—
3/12/2020	PPI Ex Food and Energy MoM	0.10%	—	0.50%	—
3/12/2020	PPI Ex Food, Energy, Trade MoM	0.10%	—	0.40%	—
3/12/2020	PPI Final Demand YoY	1.80%	—	2.10%	—
3/12/2020	PPI Ex Food and Energy YoY	1.70%	—	1.70%	—
3/12/2020	Initial Jobless Claims	220k	—	216k	—
3/12/2020	PPI Ex Food, Energy, Trade YoY	1.50%	—	1.50%	—
3/12/2020	Continuing Claims	1733k	—	1729k	—
3/12/2020	Bloomberg Consumer Comfort	—	—	63	—
3/12/2020	Household Change in Net Worth	—	—	$574b	—
3/13/2020	Import Price Index MoM	-1.00%	—	0.00%	—
3/13/2020	Import Price Index ex Petroleum MoM	0.10%	—	0.20%	—
3/13/2020	Import Price Index YoY	-1.50%	—	0.30%	—
3/13/2020	Export Price Index MoM	-0.40%	—	0.70%	—
3/13/2020	Export Price Index YoY	-0.60%	—	0.50%	—
3/13/2020	Bloomberg March United States Economic Survey
3/13/2020	U. of Mich. Sentiment	95	—	101	—
3/13/2020	U. of Mich. Current Conditions	112.8	—	114.8	—
3/13/2020	U. of Mich. Expectations	88.1	—	92.1	—
3/13/2020	U. of Mich. 1 Yr Inflation	2.40%	—	2.40%	—
3/13/2020	U. of Mich. 5-10 Yr Inflation	—	—	2.30%	—

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.