March 8, 2021 Headlines

Rates are marching higher this morning led by the belly of the curve in response to the Senate’s passage of the Biden stimulus package which now awaits a vote in the House. Equities are mixed this morning with the Dow and NASDAQ up, after paring back earlier losses, while the S&P remains in the red. The economic calendar is light today with Wholesale inventories and sales on the slate.

Hafizan Hamzah
Director, Investment Management Group

Date	Event	Surv(M)	Actual	Prior	Revised
03/08/21	Wholesale Inventories MoM	1.30%	—	1.30%	—
03/08/21	Wholesale Trade Sales MoM	1.00%	—	1.20%	—
03/09/21	NFIB Small Business Optimism	96.5	—	95	—
03/10/21	MBA Mortgage Applications	—	—	0.50%	—
03/10/21	CPI MoM	0.40%	—	0.30%	—
03/10/21	CPI Ex Food and Energy MoM	0.20%	—	0.00%	—
03/10/21	CPI YoY	1.70%	—	1.40%	—
03/10/21	CPI Ex Food and Energy YoY	1.40%	—	1.40%	—
03/10/21	CPI Index NSA	263.121	—	261.582	—
03/10/21	CPI Core Index SA	270.394	—	270.025	—
03/10/21	Real Avg Weekly Earnings YoY	—	—	6.10%	5.70%
03/10/21	Real Avg Hourly Earning YoY	—	—	4.00%	3.90%
03/10/21	Monthly Budget Statement	-$300.0b	—	-$235.3b	—
03/11/21	Initial Jobless Claims	725k	—	745k	—
03/11/21	Continuing Claims	4201k	—	4295k	—
03/11/21	Langer Consumer Comfort	—	—	48.9	—
03/11/21	JOLTS Job Openings	6650	—	6646	—
03/11/21	Household Change in Net Worth	—	—	$3817b	—
03/12/21	PPI Final Demand MoM	0.40%	—	1.30%	—
03/12/21	PPI Ex Food and Energy MoM	0.20%	—	1.20%	—
03/12/21	PPI Ex Food, Energy, Trade MoM	0.30%	—	1.20%	—
03/12/21	PPI Final Demand YoY	2.70%	—	1.70%	—
03/12/21	PPI Ex Food and Energy YoY	2.60%	—	2.00%	—
03/12/21	PPI Ex Food, Energy, Trade YoY	—	—	2.00%	—
03/12/21	U. of Mich. Sentiment	78	—	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%	—

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