May 20, 2019 Headlines

Treasuries are little changed this morning while equity futures are down in response to US tech companies cutting off shipments to Huawei. Tech giants such as Google and Qualcomm have halted shipments to the Chinese smartphone maker after the Trump administration blacklisted the company for espionage. These moves are likely to exacerbate the ongoing trade war between the US and China.

Later today, three Fed speakers, including Chairman Powell, will give their thoughts on the economy. The market will paying attention to see if any the speakers will discuss any impacts that the trade war has had on the economy.

Hafizan Hamzah
Director, Investment Management Group

5/20/2019Chicago Fed Nat Activity Index-0.2-0.45-0.150.05
5/21/2019Existing Home Sales5.35m5.21m
5/21/2019Existing Home Sales MoM2.70%-4.90%
5/22/2019MBA Mortgage Applications-0.60%
5/22/2019FOMC Meeting Minutes
5/23/2019Initial Jobless Claims215k212k
5/23/2019Continuing Claims1669k1660k
5/23/2019Bloomberg Consumer Comfort59.9
5/23/2019Bloomberg Economic Expectations50
5/23/2019Markit US Manufacturing PMI52.652.6
5/23/2019Markit US Services PMI53.553
5/23/2019Markit US Composite PMI53
5/23/2019New Home Sales671k692k
5/23/2019New Home Sales MoM-3.00%4.50%
5/23/2019Kansas City Fed Manf. Activity75
5/24/2019Durable Goods Orders-2.00%2.60%
5/24/2019Durables Ex Transportation0.10%0.30%
5/24/2019Cap Goods Orders Nondef Ex Air-0.30%1.40%
5/24/2019Cap Goods Ship Nondef Ex Air-0.20%0.00%




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.