Daily Brief: Services PMI Surges to 53.6 as Economy Defies Slowdown Fears
Services PMI surged to 53.6 in July, crushing expectations, while new home sales beat at 628K. Combined with yesterday's 187K jobless claims print, the...
Daily Brief: Jobless Claims Plunge to 187K — 57-Year Low Throws Cold Water on Rate Cuts
Initial jobless claims fell to 187,000 — a 57-year low — demolishing the 212,000 consensus. Here's what the historic print means for next week's FOMC.
Daily Brief: The Calm Before the Deluge — No Data Today, Everything Tomorrow
No major U.S. economic data today, but starting Thursday it is a two-week sprint through jobless claims, flash PMIs, new home sales, FOMC, Q2 GDP, and PCE.
Daily Brief: Earnings Beat and Ceasefire Hopes Lift Markets as Oil Retreats From $90
Nasdaq futures jumped 1.4% as chip stocks rebounded, 87% of early S&P 500 earnings beat estimates, and ceasefire diplomacy pulled oil back from...
Daily Brief: 7.6 Million Job Openings, Zero Workforce Growth — America’s Labor Shortage Grinds On
7.6M job openings, +57K payrolls, and a baffling drop in young workers: America's labor shortage isn't going anywhere. Here's what the latest data...
Daily Brief: The Calm Before the FOMC Storm — One Quiet Week Before the Year’s Biggest Data Dump
Markets face the lightest economic calendar of July as the LEI drops today — then next week unleashes FOMC, Q2 GDP, PCE inflation, and the employment...
Daily Brief: Consumer Sentiment Surges to 54.4 as Housing Starts Smash Expectations
Consumer sentiment hit 54.4 in July, its highest since February, while housing starts surged to 1.427M. But building permits slid and industrial...
Daily Brief: Jobless Claims Plunge to 208K as Soft Landing Narrative Gains Steam
Initial jobless claims fell to 208K, crushing the 216K forecast, while retail sales cooled to just 0.2% growth. Philly Fed manufacturing surged to 41.4.
Daily Brief: Social Security’s Clock Just Moved Forward — Six Years to a 22% Benefit Cut
The OASI trust fund will be empty by Q4 2032 — a quarter sooner than last year’s projection. Here’s what the $31 trillion shortfall means for every...
Daily Brief: PPI Posts First Drop in 10 Months as Energy Rout Cools Wholesale Prices
Producer prices fell 0.3% in June — the first monthly decline since July 2022 — as collapsing energy costs dragged wholesale inflation lower. But...