Daily Brief: June Jobs Miss Hits a Wall — U.S. Adds Just 57K as Hiring Stalls
June payrolls came in at just 57K — half the expected 110K — as leisure and hospitality shed 61K jobs. Markets rallied on dovish Fed implications....
Daily Brief: ISM Manufacturing Steps Into the Spotlight Before Tomorrow’s Employment Headliner
ISM Manufacturing PMI and construction spending headline a holiday-shortened week that saves the biggest punch for Thursday — the June jobs report.
Daily Brief: Consumer Confidence Slides as JOLTS Data Tests the Labor Narrative
Consumer confidence missed expectations at 91.2 in June while JOLTS data showed job openings cooling from April's surge. Here's what the numbers mean...
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...