September 30, 2019 Headlines

Reports leaked out on Friday that the administration was contemplating blocking Chinese companies from listing on US stock exchange and placing limits on US investments through caps on government pension funds. Since then, US Treasury officials have issued a partial denial of earlier reports and China announced it will open more sectors of the economy to foreign investors pushing Treasury yields higher. Economic releases will pick up this week with ISM manufacturing data on Tuesday, ADP employment on Wednesday and the monthly jobs report at the end of the week.

Chris Eckhoff
Associate, Investment Management Group

DateEventSurveyActualPriorRevised
9/30/2019MNI Chicago PMI5047.150.4
9/30/2019Dallas Fed Manf. Activity12.7
10/1/2019Markit US Manufacturing PMI5151
10/1/2019ISM Manufacturing5049.1
10/1/2019ISM Employment47.4
10/1/2019ISM Prices Paid50.546
10/1/2019ISM New Orders47.2
10/1/2019Construction Spending MoM0.50%0.10%
10/1/2019Wards Total Vehicle Sales17.00m16.97m
10/2/2019MBA Mortgage Applications-10.10%
10/2/2019ADP Employment Change140k195k
10/3/2019Challenger Job Cuts YoY39.00%
10/3/2019Initial Jobless Claims215k213k
10/3/2019Continuing Claims1654k1650k
10/3/2019Bloomberg Consumer Comfort61.7
10/3/2019Markit US Services PMI50.950.9
10/3/2019Markit US Composite PMI51
10/3/2019Factory Orders-0.20%1.40%
10/3/2019Factory Orders Ex Trans0.30%
10/3/2019ISM Non-Manufacturing Index55.156.4
10/3/2019Durable Goods Orders0.20%
10/3/2019Durables Ex Transportation0.50%
10/3/2019Cap Goods Orders Nondef Ex Air-0.20%
10/3/2019Cap Goods Ship Nondef Ex Air0.40%
10/4/2019Change in Nonfarm Payrolls148k130k
10/4/2019Two-Month Payroll Net Revision-20k
10/4/2019Change in Private Payrolls130k96k
10/4/2019Change in Manufact. Payrolls3k3k
10/4/2019Unemployment Rate3.70%3.70%
10/4/2019Average Hourly Earnings MoM0.30%0.40%
10/4/2019Average Hourly Earnings YoY3.20%3.20%
10/4/2019Average Weekly Hours All Employees34.434.4
10/4/2019Labor Force Participation Rate63.20%63.20%
10/4/2019Underemployment Rate7.20%
10/4/2019Trade Balance-$54.5b-$54.0b

 

 

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.