October 26, 2021 Headlines

U.S. equity futures are higher to start the day on corporate earnings optimism, and in Treasuries, front-end and intermediate yields are 1-2 basis points higher. Case-Shiller home prices will be released later this morning, and the 20-city index is expected to show a 20% year-over-year increase in single-family prices as of August month-end, which would be another record high since the index began in January 2001. Surges in rent prices have also made national headlines in recent weeks, further fueling inflation concerns. It’s worth noting that residential rent prices have a much bigger impact on the core CPI measure than the Fed’s preferred inflation gauge (core PCE), although perhaps that matters less in the larger transitory/non-transitory debate at the Fed.

Jason Haley
Chief Investment Officer

Date	Event	Survey	Actual	Prior	Revised
10/26/2021	FHFA House Price Index MoM	1.50%	—	1.40%	—
10/26/2021	S&P CoreLogic CS 20-City MoM SA	1.50%	—	1.55%	—
10/26/2021	S&P CoreLogic CS 20-City YoY NSA	20.00%	—	19.95%	—
10/26/2021	S&P CoreLogic CS US HPI YoY NSA	—	—	19.70%	—
10/26/2021	New Home Sales	756k	—	740k	—
10/26/2021	New Home Sales MoM	2.20%	—	1.50%	—
10/26/2021	Conf. Board Consumer Confidence	108	—	109.3	—
10/26/2021	Conf. Board Present Situation	—	—	143.4	—
10/26/2021	Conf. Board Expectations	—	—	86.6	—
10/26/2021	Richmond Fed Manufact. Index	5	—	-3	—
10/27/2021	MBA Mortgage Applications	—	—	-6.30%	—
10/27/2021	Advance Goods Trade Balance	-$88.3b	—	-$87.6b	—
10/27/2021	Wholesale Inventories MoM	1.00%	—	1.20%	—
10/27/2021	Retail Inventories MoM	0.20%	—	0.10%	—
10/27/2021	Durable Goods Orders	-1.10%	—	1.80%	—
10/27/2021	Durables Ex Transportation	0.40%	—	0.30%	—
10/27/2021	Cap Goods Orders Nondef Ex Air	0.50%	—	0.60%	—
10/27/2021	Cap Goods Ship Nondef Ex Air	0.50%	—	0.80%	—
10/28/2021	Initial Jobless Claims	289k	—	290k	—
10/28/2021	Continuing Claims	2420k	—	2481k	—
10/28/2021	GDP Annualized QoQ	2.60%	—	6.70%	—
10/28/2021	Personal Consumption	0.80%	—	12.00%	—
10/28/2021	GDP Price Index	5.30%	—	6.10%	—
10/28/2021	Core PCE QoQ	4.40%	—	6.10%	—
10/28/2021	Langer Consumer Comfort	—	—	49.7	—
10/28/2021	Pending Home Sales MoM	0.50%	—	8.10%	—
10/28/2021	Pending Home Sales NSA YoY	-3.00%	—	-6.30%	—
10/28/2021	Kansas City Fed Manf. Activity	19	—	22	—
10/29/2021	Employment Cost Index	0.90%	—	0.70%	—
10/29/2021	Personal Income	-0.20%	—	0.20%	—
10/29/2021	Personal Spending	0.60%	—	0.80%	—
10/29/2021	Real Personal Spending	0.30%	—	0.40%	—
10/29/2021	PCE Deflator MoM	0.30%	—	0.40%	—
10/29/2021	PCE Deflator YoY	4.40%	—	4.30%	—
10/29/2021	PCE Core Deflator MoM	0.20%	—	0.30%	—
10/29/2021	PCE Core Deflator YoY	3.70%	—	3.60%	—
10/29/2021	MNI Chicago PMI	63.5	—	64.7	—
10/29/2021	U. of Mich. Sentiment	71.4	—	71.4	—
10/29/2021	U. of Mich. Current Conditions	—	—	77.9	—
10/29/2021	U. of Mich. Expectations	—	—	67.2	—
10/29/2021	U. of Mich. 1 Yr Inflation	—	—	4.80%	—
10/29/2021	U. of Mich. 5-10 Yr Inflation	—	—	2.80%	—

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.