March 12, 2021 Headlines

Treasury yields are higher to start the day on supply pressures, which is weighing on tech stocks again ahead of the open (NASDAQ futures -1.25%). On the Covid front, President Biden announced yesterday that all U.S. adults will be eligible for a vaccine by May 1, and another vaccine maker released strong results yesterday. Novavax Inc’s Covid vaccine was 96% effective against the original strain in late-stage testing, and it was 86% effective against the newer British variant of the virus. Next week’s economic calendar is headlined by the February retail sales report (Tuesday) and the March FOMC report (Wednesday). Regarding the latter, the market will likely be very focused on the updated “dot plot” for any signs of emerging hawkishness within the participants.

Jason Haley
Chief Investment Officer

Date	Event	Surv(M)	Actual	Prior	Revised
03/08/21	Wholesale Inventories MoM	1.30%	1.30%	1.30%	—
03/08/21	Wholesale Trade Sales MoM	0.90%	4.90%	1.20%	1.90%
03/09/21	NFIB Small Business Optimism	97	95.8	95	—
03/10/21	MBA Mortgage Applications	—	-1.30%	0.50%	—
03/10/21	CPI MoM	0.40%	0.40%	0.30%	—
03/10/21	CPI Ex Food and Energy MoM	0.20%	0.10%	0.00%	—
03/10/21	CPI YoY	1.70%	1.70%	1.40%	—
03/10/21	CPI Ex Food and Energy YoY	1.40%	1.30%	1.40%	—
03/10/21	CPI Index NSA	263.121	263.014	261.582	—
03/10/21	CPI Core Index SA	270.394	270.299	270.025	—
03/10/21	Real Avg Weekly Earnings YoY	—	4.10%	6.10%	5.70%
03/10/21	Real Avg Hourly Earning YoY	—	3.40%	4.00%	3.90%
03/10/21	Monthly Budget Statement	-$305.0b	-$310.9b	-$235.3b	—
03/11/21	Initial Jobless Claims	725k	712k	745k	754k
03/11/21	Continuing Claims	4200k	4144k	4295k	4337k
03/11/21	Langer Consumer Comfort	—	49.4	48.9	—
03/11/21	JOLTS Job Openings	6700	6917	6646	6752
03/11/21	Household Change in Net Worth	—	$6925b	$3817b	$3640b
03/12/21	PPI Final Demand MoM	0.50%	0.50%	1.30%	—
03/12/21	PPI Ex Food and Energy MoM	0.20%	0.20%	1.20%	—
03/12/21	PPI Ex Food, Energy, Trade MoM	0.30%	0.20%	1.20%	—
03/12/21	PPI Final Demand YoY	2.70%	2.80%	1.70%	—
03/12/21	PPI Ex Food and Energy YoY	2.60%	2.50%	2.00%	—
03/12/21	PPI Ex Food, Energy, Trade YoY	2.50%	2.20%	2.00%	—
03/12/21	U. of Mich. Sentiment	78.5	—	76.8	—
03/12/21	U. of Mich. Current Conditions	88.3	—	86.2	—
03/12/21	U. of Mich. Expectations	72	—	70.7	—
03/12/21	U. of Mich. 1 Yr Inflation	3.30%	—	3.30%	—
03/12/21	U. of Mich. 5-10 Yr Inflation	—	—	2.70%	—

Subscribe Today!

Subscribe to our email list and get the latest articles and announcements from ALM First.

Recent Articles

DDJ Myers Becomes An ALM First Company July 1, 2022
July 1, 2022 Headlines July 1, 2022
June 30, 2022 Headlines June 30, 2022

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.