November 30, 2021 Headlines

Treasuries are rallying this morning on concerns of COVID vaccines against the new omicron strain. The 10-year is down to 1.43% while equity futures are in the red. Moderna CEO Stephane Bancel stated the new vaccines may be necessary to immunize against the omicron variant. He further stated that it would take months to develop and distribute the new vaccines. Chairman Powell also discussed the new variant in his prepared Senate testimony, stating that omicron poses downside risk to employment and economic activity as well increasing uncertainty around inflation.

Hafizan Hamzah
Director, Investment Management Group

11/29/2021Pending Home Sales MoM1.00%7.50%-2.30%-2.40%
11/29/2021Pending Home Sales NSA YoY-4.70%-7.20%-7.30%
11/29/2021Dallas Fed Manf. Activity1511.814.6
11/30/2021FHFA House Price Index MoM1.20%0.90%1.00%
11/30/2021House Price Purchase Index QoQ4.20%4.90%5.10%
11/30/2021S&P CoreLogic CS 20-City MoM SA1.20%0.96%1.17%1.16%
11/30/2021S&P CoreLogic CS 20-City YoY NSA19.30%19.05%19.66%19.65%
11/30/2021S&P CoreLogic CS US HPI YoY NSA19.51%19.84%19.79%
11/30/2021MNI Chicago PMI6768.4
11/30/2021Conf. Board Consumer Confidence110.9113.8
11/30/2021Conf. Board Present Situation147.4
11/30/2021Conf. Board Expectations91.3
12/1/2021MBA Mortgage Applications1.80%
12/1/2021ADP Employment Change525k571k
12/1/2021Markit US Manufacturing PMI59.159.1
12/1/2021Construction Spending MoM0.40%-0.50%
12/1/2021ISM Manufacturing61.260.8
12/1/2021ISM Prices Paid85.585.7
12/1/2021ISM New Orders59.8
12/1/2021ISM Employment52
12/1/2021U.S. Federal Reserve Releases Beige Book
12/1/2021Wards Total Vehicle Sales13.40m12.99m
12/2/2021Challenger Job Cuts YoY-71.70%
12/2/2021Initial Jobless Claims240k199k
12/2/2021Continuing Claims2002k2049k
12/2/2021Langer Consumer Comfort52.2
12/3/2021Two-Month Payroll Net Revision235k
12/3/2021Change in Nonfarm Payrolls550k531k
12/3/2021Change in Private Payrolls525k604k
12/3/2021Change in Manufact. Payrolls42k60k
12/3/2021Unemployment Rate4.50%4.60%
12/3/2021Average Hourly Earnings MoM0.40%0.40%
12/3/2021Average Hourly Earnings YoY5.00%4.90%
12/3/2021Average Weekly Hours All Employees34.734.7
12/3/2021Labor Force Participation Rate61.70%61.60%
12/3/2021Underemployment Rate8.30%
12/3/2021Markit US Services PMI5757
12/3/2021Markit US Composite PMI56.5
12/3/2021ISM Services Index6566.7
12/3/2021Factory Orders0.50%0.20%
12/3/2021Factory Orders Ex Trans0.70%
12/3/2021Durable Goods Orders-0.50%-0.50%
12/3/2021Durables Ex Transportation0.50%
12/3/2021Cap Goods Orders Nondef Ex Air0.60%
12/3/2021Cap Goods Ship Nondef Ex Air0.30%

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.