Daily Brief: GDP Revised to 2.2% — Q2 Economy Was Stronger Than Anyone Thought
GDP revised up 0.7pp to 2.2% as PCE inflation cools to 3.4% YoY. Consumer spending surges 0.6% but monthly inflation ticks higher. The soft landing...
Daily Brief: Consumer Confidence Plunges 6.7 Points — Biggest Drop in Over a Year
Consumer confidence crashed to 81.9 in September, a 6.7-point miss vs. consensus. Rate hikes, Iran Strait tensions, and a softening labor market all...
Daily Brief: 7.3 Million Openings, Half a Million Missing: America’s Labor Shortage
The U.S. has 7.3M job openings but a shrinking workforce. Construction needs 500K workers. Manufacturing faces a 2.1M gap by 2030. Here's where it...
Daily Brief: The Week the Fed’s Bet Gets Tested
Jobs, PCE, ISM, and GDP all drop this week in the most consequential data gauntlet since the Fed's September rate hike. Here's what to watch.
Daily Brief: Core Capital Goods Orders Jump 1.6% as Business Investment Defies the Doomers
Durable goods orders beat forecasts in August, but a 1.6% surge in core capital goods tells the real story: business investment is not slowing down.
Daily Brief: Jobless Claims Slip to 197K as US Labor Market Refuses to Blink
Initial claims fell to 197K against a 200K consensus. With PMIs surging and continuing claims flat, the US labor market is a fortress.
Daily Brief: US Business Growth Surges to Five-Year High as PMIs Blow Past Forecasts
S&P Flash PMIs for September smashed expectations: manufacturing hit 57.0, services reached 58.7, and the composite climbed to 58.4 — the fastest...
Daily Brief: Nasdaq Hits a Record as Markets Shrug Off the Fed’s First Hike in Three Years
Six days after the Fed's first rate hike since 2023, the Nasdaq closed at a record high. AI stocks carry the load — but the rally's foundation is narrow.
Daily Brief: 7.3 Million Jobs Are Open. Where Are the Workers?
7.3M job openings, 162K new payrolls, but a quit rate near historic lows. The U.S. labor market is healthy on paper — so why won't anyone move? This...
Daily Brief: Markets Shake Off Fed Hike as Oil Retreats; Data-Heavy Week Awaits
Markets opened higher Monday as oil's four-day slide eased post-Fed inflation fears. Flash PMIs, jobless claims, durable goods, and consumer sentiment...