September 7, 2021 Headlines

New supply expected this week from the U.S. and Europe (government and corporate debt) is pushing bond yields 1-5 basis points higher across the curve this morning, but U.S. equity index futures are little changed ahead of the open. Enhanced federal unemployment benefits initiated as an emergency Covid response expire this week. News reports suggest that more than 7.5 million Americans will be losing the extra $300 per week payments. This week’s economic calendar is relatively light from a data perspective, but several regional Fed presidents will be speaking. The regional presidents have been more hawkish in recent weeks, particularly as it relates to tapering, relative to their Washington-based colleagues, including Fed Chair Powell. The Treasury Department will be issuing new 3-year, 10-year, and 30-year debt this week, beginning with $58 billion of 3-year notes today.

Jason Haley
Chief Investment Officer

09/08/21MBA Mortgage Applications-2.40%
09/08/21JOLTS Job Openings10000k10073k
09/08/21U.S. Federal Reserve Releases Beige Book
09/08/21Consumer Credit$25.000b$37.690b
09/09/21Initial Jobless Claims335k340k
09/09/21Continuing Claims2720k2748k
09/09/21Langer Consumer Comfort58.2
09/10/21PPI Final Demand MoM0.60%1.00%
09/10/21PPI Ex Food and Energy MoM0.50%1.00%
09/10/21PPI Ex Food, Energy, Trade MoM0.60%0.90%
09/10/21PPI Final Demand YoY8.20%7.80%
09/10/21PPI Ex Food and Energy YoY6.60%6.20%
09/10/21PPI Ex Food, Energy, Trade YoY6.30%6.10%
09/10/21Bloomberg Sept. United States Economic Survey
09/10/21Wholesale Inventories MoM0.60%0.60%
09/10/21Wholesale Trade Sales MoM2.00%


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.