May 10, 2022 Headlines

Treasury yields are lower and flatter to start the day, with the belly of the yield curve leading the way down 5 basis points. The tone in risk markets is improved following yesterday’s selloff, the third decline in as many days. S&P 500 futures are currently up 0.94% as of 8:30am ET. Six different Fed leaders are scheduled to speak today, including Fed Governor Christopher Waller. Atlanta Fed President Raphael Bostic said yesterday he thinks the FOMC can do 50 bps hikes “maybe two, maybe three times” and then assess how the economy and inflation are responding.

Jason Haley
Chief Investment Officer

05/09/22Wholesale Inventories MoM2.30%2.30%2.30%
05/09/22Wholesale Trade Sales MoM1.80%1.70%1.70%1.50%
05/10/22NFIB Small Business Optimism92.993.293.2
05/11/22MBA Mortgage Applications2.50%
05/11/22CPI MoM0.20%1.20%
05/11/22CPI Ex Food and Energy MoM0.40%0.30%
05/11/22CPI YoY8.10%8.50%
05/11/22CPI Ex Food and Energy YoY6.00%6.50%
05/11/22CPI Index NSA288.768287.504
05/11/22CPI Core Index SA289.861288.811
05/11/22Real Avg Hourly Earning YoY-2.70%-2.60%
05/11/22Real Avg Weekly Earnings YoY-3.60%-3.50%
05/11/22Monthly Budget Statement$260.0b-$192.7b
05/12/22PPI Final Demand MoM0.50%1.40%
05/12/22PPI Ex Food and Energy MoM0.60%1.00%
05/12/22PPI Ex Food, Energy, Trade MoM0.60%0.90%
05/12/22PPI Final Demand YoY10.70%11.20%
05/12/22PPI Ex Food and Energy YoY8.90%9.20%
05/12/22PPI Ex Food, Energy, Trade YoY7.00%
05/12/22Initial Jobless Claims193k200k
05/12/22Continuing Claims1370k1384k
05/13/22Import Price Index MoM0.60%2.60%
05/13/22Import Price Index ex Petroleum MoM0.70%1.10%
05/13/22Import Price Index YoY12.10%12.50%
05/13/22Export Price Index MoM0.70%4.50%
05/13/22Export Price Index YoY18.80%
05/13/22Bloomberg May United States Economic Survey
05/13/22U. of Mich. Sentiment6465.2
05/13/22U. of Mich. Current Conditions7069.4
05/13/22U. of Mich. Expectations61.562.5
05/13/22U. of Mich. 1 Yr Inflation5.50%5.40%
05/13/22U. of Mich. 5-10 Yr Inflation3.00%
05/13/22Revisions: Manufacturing Shipments, Orders, Inventories

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.