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 Time | Event | Survey | Actual | Prior | Revised |
3/9/2021 | NFIB Small Business Optimism | 97 | 95.8 | 95 | — |
3/10/2021 | MBA Mortgage Applications | — | — | 0.50% | — |
3/10/2021 | CPI MoM | 0.40% | — | 0.30% | — |
3/10/2021 | CPI Ex Food and Energy MoM | 0.20% | — | 0.00% | — |
3/10/2021 | CPI YoY | 1.70% | — | 1.40% | — |
3/10/2021 | CPI Ex Food and Energy YoY | 1.40% | — | 1.40% | — |
3/10/2021 | CPI Index NSA | 263.125 | — | 261.582 | — |
3/10/2021 | CPI Core Index SA | 270.394 | — | 270.025 | — |
3/10/2021 | Real Avg Weekly Earnings YoY | — | — | 6.10% | 5.70% |
3/10/2021 | Real Avg Hourly Earning YoY | — | — | 4.00% | 3.90% |
3/10/2021 | Monthly Budget Statement | -$305.0b | — | -$235.3b | — |
3/11/2021 | Initial Jobless Claims | 725k | — | 745k | — |
3/11/2021 | Continuing Claims | 4200k | — | 4295k | — |
3/11/2021 | Langer Consumer Comfort | — | — | 48.9 | — |
3/11/2021 | JOLTS Job Openings | 6650 | — | 6646 | — |
3/11/2021 | Household Change in Net Worth | — | — | $3817b | — |
3/12/2021 | PPI Final Demand MoM | 0.40% | — | 1.30% | — |
3/12/2021 | PPI Ex Food and Energy MoM | 0.20% | — | 1.20% | — |
3/12/2021 | PPI Ex Food, Energy, Trade MoM | 0.30% | — | 1.20% | — |
3/12/2021 | PPI Final Demand YoY | 2.70% | — | 1.70% | — |
3/12/2021 | PPI Ex Food and Energy YoY | 2.60% | — | 2.00% | — |
3/12/2021 | PPI Ex Food, Energy, Trade YoY | 2.50% | — | 2.00% | — |
3/12/2021 | U. of Mich. Sentiment | 78.5 | — | 76.8 | — |
3/12/2021 | U. of Mich. Current Conditions | 88.3 | — | 86.2 | — |
3/12/2021 | U. of Mich. Expectations | 72 | — | 70.7 | — |
3/12/2021 | U. of Mich. 1 Yr Inflation | 3.30% | — | 3.30% | — |
3/12/2021 | U. of Mich. 5-10 Yr Inflation | — | — | 2.70% | — |
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