Daily Brief: 10-Year Yield Retakes 5% as Hot CPI Locks In December Rate Hike
The 10-year Treasury yield retook 5% after October's hot CPI as the Fed eyes a December hike. Household debt hit $19.1 trillion — a new record.
Daily Brief: Hot October CPI Keeps the Fed’s Foot on the Gas — Waller Floats Supersized December Hike
CPI rose 0.4% in October, beating expectations on headline and core. Waller said a hot print warrants a half-point December hike. Markets now price...
Daily Brief: America’s Labor Market Keeps Defying Gravity — 165K Jobs, 7.5M Openings
October payrolls surged past expectations at 165K while JOLTS showed 7.5M openings. Construction needs 349K workers. The labor shortage isn't going...
Daily Brief: Markets Catch Their Breath After AI Rout as Oil Plunges and CPI Looms
After last week's $3 trillion AI selloff, markets try to stabilize as oil crashes below $88 and traders brace for Tuesday's CPI report. Rate hike odds:...
Daily Brief: Payrolls Smash Expectations at 165K as Wage Growth Reaccelerates, Rate Hike Odds Surge
October payrolls surged 165K — nearly 3x consensus — while wage growth hit 3.1% YoY, pushing December Fed rate hike odds to 73%. Michigan sentiment...
Daily Brief: Jobless Claims Hit 57-Year Low as Productivity Surge Slashes Labor Costs
Jobless claims fell to 189K, matching a 57-year low, while Q3 productivity surged 3.6% and unit labor costs dropped 0.7%. The Fed's immaculate...
Daily Brief: Blue Wave, Green Markets — S&P 500 Surges as Democrats Sweep Congress, ADP Beats at 86K
Democrats swept Congress in Tuesday's midterms, and markets rallied instead of selling off. ADP added 86K jobs, beating forecasts. ISM Services...
Daily Brief: Midterm Elections, JOLTS at 7.5M, Factory Orders Surge 1.8% — A Defining Day for Markets
Americans head to the polls as JOLTS shows 7.5M openings and factory orders surge 1.8%. Markets hold their breath — the AI trade hangs in the balance.
Daily Brief: 7.1M Job Openings, 29K Payroll Gain — America’s Labor Shortage Won’t Budge
Jobs data shows 7.1M openings and only 29K new payrolls in September. Construction needs 349K workers. Here's why the labor shortage is structural.
Daily Brief: ISM Manufacturing Hits 55.5 — Production Surges to 3-Year High, Construction Spending Tanks
ISM Manufacturing PMI jumped to 55.5 in October as production hit its fastest pace since 2021. But construction spending cratered 1.9% — the sharpest...