October 18, 2019 Headlines

US Treasuries fluctuated overnight on economic data out of China and details on the upcoming Brexit vote. Initially, Treasury prices were slightly higher as China’s GDP growth missed estimates and slowed from 6.2% in Q2 to 6% YoY in Q3. Both industrial production and retail sales improved from the previous quarter but couldn’t support the GDP growth rate which increased at the slowest rate since the early 1990s. In London, there is increasing hope that the Brexit deal vote will pass tomorrow which caused Treasuries to reverse course. Today, the final three Fed leaders are scheduled to speak as the blackout date approaches before the October meeting.

Chris Eckhoff
Associate, Investment Management Group

10/16/2019MBA Mortgage Applications0.50%5.20%
10/16/2019Retail Sales Advance MoM0.30%-0.30%0.40%0.60%
10/16/2019Retail Sales Ex Auto MoM0.20%-0.10%0.00%0.20%
10/16/2019Retail Sales Ex Auto and Gas0.30%0.00%0.10%0.40%
10/16/2019Retail Sales Control Group0.30%0.00%0.30%
10/16/2019NAHB Housing Market Index687168
10/16/2019Business Inventories0.20%0.00%0.40%0.30%
10/16/2019U.S. Federal Reserve Releases Beige Book
10/16/2019Net Long-term TIC Flows-$41.1b$84.3b$83.8b
10/16/2019Total Net TIC Flows$70.5b$43.8b$43.3b
10/17/2019Housing Starts1320k1256k1364k1386k
10/17/2019Building Permits1350k1387k1419k1425k
10/17/2019Housing Starts MoM-3.20%-9.40%12.30%15.10%
10/17/2019Building Permits MoM-5.30%-2.70%7.70%8.20%
10/17/2019Philadelphia Fed Business Outlook7.65.612
10/17/2019Initial Jobless Claims215k214k210k
10/17/2019Continuing Claims1675k1679k1684k1689k
10/17/2019Industrial Production MoM-0.20%-0.40%0.60%0.80%
10/17/2019Manufacturing (SIC) Production-0.30%-0.50%0.50%0.60%
10/17/2019Capacity Utilization77.70%77.50%77.90%
10/17/2019Bloomberg Consumer Comfort63.562.7
10/17/2019Bloomberg Economic Expectations4949.5
10/18/2019Leading Index0.00%-0.10%0.00%-0.20%














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.