September 10, 2020 Headlines

US Treasuries were mixed in the overnight session on light volume ahead of the European Central Bank (ECB) policy decision. Initially yields rallied despite better than expected economic data out of Japan but quickly reversed course as AstraZeneca reignited vaccine hopes that a vaccine will be ready by year-end, even after the recent setbacks. While the ECB policy decision is unanimously expected to leave monetary policy unchanged as economies recover from the pandemic, the focus will be on President Lagarde’s press conference. The Eurozone has struggled with an appreciating currency and negative inflation providing policymakers ammunition to increase stimulus efforts. At the open, the 10-year US Treasury yields .72% and S&P 500 futures are up +.30%.

Chris Eckhoff
Associate, Investment Management Group

Date	Event	Survey	Actual	Prior	Revised
9/8/20	NFIB Small Business Optimism	99	100.2	98.8	—
9/8/20	Consumer Credit	$13.000b	$12.250b	$8.948b	$11.394b
9/9/20	MBA Mortgage Applications	—	2.90%	-2.00%	—
9/9/20	JOLTS Job Openings	6000	6618	5889	6001
9/10/20	PPI Final Demand MoM	0.20%	0.30%	0.60%	—
9/10/20	PPI Ex Food and Energy MoM	0.20%	0.40%	0.50%	—
9/10/20	PPI Ex Food, Energy, Trade MoM	0.20%	0.30%	0.30%	—
9/10/20	PPI Final Demand YoY	-0.30%	-0.20%	-0.40%	—
9/10/20	PPI Ex Food and Energy YoY	0.30%	0.60%	0.30%	—
9/10/20	PPI Ex Food, Energy, Trade YoY	0.20%	0.30%	0.10%	—
9/10/20	Initial Jobless Claims	850k	884k	881k	884k
9/10/20	Continuing Claims	12904k	13385k	13254k	13292k
9/10/20	Bloomberg Consumer Comfort	—	—	45.1	—
9/10/20	Wholesale Inventories MoM	-0.10%	—	-0.10%	—
9/10/20	Wholesale Trade Sales MoM	—	—	8.80%	—
9/11/20	CPI MoM	0.30%	—	0.60%	—
9/11/20	CPI Ex Food and Energy MoM	0.20%	—	0.60%	—
9/11/20	CPI YoY	1.20%	—	1.00%	—
9/11/20	CPI Ex Food and Energy YoY	1.60%	—	1.60%	—
9/11/20	CPI Index NSA	259.592	—	259.101	—
9/11/20	CPI Core Index SA	268.44	—	267.715	—
9/11/20	Real Avg Hourly Earning YoY	—	—	3.70%	—
9/11/20	Real Avg Weekly Earnings YoY	—	—	4.30%	4.20%
9/11/20	Bloomberg Sept. United States Economic Survey
9/11/20	Monthly Budget Statement	-$235.4b	—	-$200.3b	—

Subscribe Today!

Subscribe to our email list and get the latest articles and announcements from ALM First.

Recent Articles

October 21, 2020 Headlines October 21, 2020
October 20, 2020 Headlines October 20, 2020
October 19, 2020 Headlines October 19, 2020

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.