September 26, 2019 Headlines

Treasury yields are lower this morning despite positive performance from European equities and S&P 500 futures. It was a relatively quiet news cycle overnight from a market perspective (all focus on US politics), but there has still been decent foreign demand for Treasuries, particularly from Asia. Beyond the political noise, there are several Fed leaders speaking today, including Vice Chair Richard Clarida later this morning.

Jason Haley
Managing Director, Investment Management Group

9/26/2019GDP Annualized QoQ2.00%2.00%2.00%
9/26/2019Personal Consumption4.70%4.60%4.70%
9/26/2019GDP Price Index2.40%2.40%2.40%
9/26/2019Core PCE QoQ1.70%1.90%1.70%
9/26/2019Advance Goods Trade Balance-$73.4b-$72.8b-$72.3b-$72.5b
9/26/2019Retail Inventories MoM0.10%0.00%0.80%0.70%
9/26/2019Wholesale Inventories MoM0.10%0.40%0.20%0.10%
9/26/2019Initial Jobless Claims212k213k208k210k
9/26/2019Continuing Claims1666k1650k1661k1665k
9/26/2019Bloomberg Consumer Comfort62.7
9/26/2019Pending Home Sales MoM1.00%-2.50%
9/26/2019Pending Home Sales NSA YoY1.30%1.70%
9/26/2019Kansas City Fed Manf. Activity-4-6
9/27/2019Personal Income0.40%0.10%
9/27/2019Durable Goods Orders-1.10%2.00%
9/27/2019Personal Spending0.30%0.60%
9/27/2019Durables Ex Transportation0.20%-0.40%
9/27/2019Real Personal Spending0.20%0.40%
9/27/2019Cap Goods Orders Nondef Ex Air0.00%0.20%
9/27/2019PCE Deflator MoM0.10%0.20%
9/27/2019Cap Goods Ship Nondef Ex Air0.30%-0.60%
9/27/2019PCE Deflator YoY1.40%1.40%
9/27/2019PCE Core Deflator MoM0.20%0.20%
9/27/2019PCE Core Deflator YoY1.80%1.60%
9/27/2019U. of Mich. Sentiment92.192
9/27/2019U. of Mich. Current Conditions106.9
9/27/2019U. of Mich. Expectations82.4
9/27/2019U. of Mich. 1 Yr Inflation2.80%
9/27/2019U. of Mich. 5-10 Yr Inflation2.30%


Subscribe Today!

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

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.