Daily Brief: 7.6M Job Openings and Nobody to Fill Them — This Week in America’s Labor Crisis
JOLTS shows 7.6M openings vs. 5.1M hires. Construction needs 349K workers. Healthcare faces 248K shortages. The labor crisis by state and industry.
Daily Brief: Markets Bounce After Five-Day Slide as Jobs Week Begins
Futures surge Monday after the S&P 500's five-day losing streak, its worst since August. Dallas Fed manufacturing data and the June jobs report anchor...
Daily Brief: PCE Inflation Hits 4.1% as the Trade Deficit Blows Past $100 Billion
PCE inflation hit 4.1% as consumers kept spending. GDP was revised up, but the trade deficit blew past $100 billion. What it means for the Fed.
Daily Brief: GDP Hits 2.1% as the Durable Goods Head-Fake Hides a Business Investment Boom
Q1 GDP revised up to 2.1% while durable goods fell 4.5% — but core business investment surged 1.6%, smashing expectations. Claims also dropped to 215K.
Daily Brief: New Home Sales Crash 7.3% as the Two-Speed Economy Comes Into Focus
New home sales plunged to 580K in May (vs. 632K expected) while the S&P flash manufacturing PMI hit a four-year high. The two-speed economy, explained.
Daily Brief: Manufacturing Hits 4-Year High as Tech Selloff Erases $1 Trillion
Manufacturing PMI surges to 55.7, a four-year high, as tech stocks hemorrhage over a trillion in value. Data says expansion but markets smell a rate hike.
Daily Brief: Juneteenth Pause — Markets Absorb the Fed’s Hawkish Turn
The Fed's hawkish FOMC pivot, steady jobless claims, and an Iran ceasefire — all with U.S. markets closed for Juneteenth. Here's what matters for the...
Daily Brief: Jobless Claims Edge Down as Philly Fed Roars Back — But Warsh Still Sees Inflation Risk
Jobless claims fell to 226K while Philly Fed surged to 10.3 — but Warsh's first meeting signaled rate hikes ahead. Markets digest the hawkish pivot.
Daily Brief: Housing Starts Collapse as Warsh’s First Fed Decision Looms
Housing starts crater 15.4% to a six-year low while import prices surge at their fastest clip since 2022. Kevin Warsh chairs his first FOMC meeting...
Daily Brief: Hot Import Prices, Cold Housing Starts — Stagflation Whispers as Warsh’s First Fed Meeting Begins
Import prices surge 1.9% and housing starts crater to 1.18M as the Fed's first meeting under Chair Warsh begins. The stagflation signals are flashing.