March 9, 2021 Headlines

Buyers emerged overnight for Treasuries sending yields lower and flatter in the belly and long-end of the curve. The fall in Treasury yields is also fueling a rally in tech stocks, with NASDAQ futures up 2.25% ahead of the open (S&P 500 futures +0.94%). The NFIB small business optimism index was little changed in February versus the prior month and below expectations. At 95.8, the index has now held below the long-run average of 98.3 for three consecutive months. The February CPI report will be released tomorrow morning, and year-over-year growth in core prices is expected to remain at 1.4%, unchanged from January.

Jason Haley
Chief Investment Officer

Date TimeEventSurveyActualPriorRevised
3/9/2021NFIB Small Business Optimism9795.895
3/10/2021MBA Mortgage Applications0.50%
3/10/2021CPI MoM0.40%0.30%
3/10/2021CPI Ex Food and Energy MoM0.20%0.00%
3/10/2021CPI YoY1.70%1.40%
3/10/2021CPI Ex Food and Energy YoY1.40%1.40%
3/10/2021CPI Index NSA263.125261.582
3/10/2021CPI Core Index SA270.394270.025
3/10/2021Real Avg Weekly Earnings YoY6.10%5.70%
3/10/2021Real Avg Hourly Earning YoY4.00%3.90%
3/10/2021Monthly Budget Statement-$305.0b-$235.3b
3/11/2021Initial Jobless Claims725k745k
3/11/2021Continuing Claims4200k4295k
3/11/2021Langer Consumer Comfort48.9
3/11/2021JOLTS Job Openings66506646
3/11/2021Household Change in Net Worth$3817b
3/12/2021PPI Final Demand MoM0.40%1.30%
3/12/2021PPI Ex Food and Energy MoM0.20%1.20%
3/12/2021PPI Ex Food, Energy, Trade MoM0.30%1.20%
3/12/2021PPI Final Demand YoY2.70%1.70%
3/12/2021PPI Ex Food and Energy YoY2.60%2.00%
3/12/2021PPI Ex Food, Energy, Trade YoY2.50%2.00%
3/12/2021U. of Mich. Sentiment78.576.8
3/12/2021U. of Mich. Current Conditions88.386.2
3/12/2021U. of Mich. Expectations7270.7
3/12/2021U. of Mich. 1 Yr Inflation3.30%3.30%
3/12/2021U. of Mich. 5-10 Yr Inflation2.70%

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.