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: Philly Fed Cools to 37.8 as Manufacturing Expansion Loses Steam
Philly Fed manufacturing index drops to 37.8 from 47.4. Jobless claims fall to 196K. Growth continues — just slower, with employment and prices...
Daily Brief: NFIB Small Business Optimism Dips to 98.7 as Sales Weaken and Inflation Creeps Back
Small business optimism cooled to 98.7 in August — still above the 52-year average and ahead of consensus — but weakening sales and resurgent inflation...
Daily Brief: Factory Growth Hits the Brakes — S&P PMI Drops to 53.2 Ahead of Today’s ISM Reveal
S&P Global Manufacturing PMI slips to 53.2 as factory expansion cools. ISM and JOLTS data at 10 a.m. could confirm — or complicate — the picture.
Daily Brief: Consumer Confidence Slips to 89.4 as Home Sales, Manufacturing Join the Pullback
Consumer confidence fell to 89.4 in August while new home sales cratered to 607K and Richmond Fed manufacturing slipped. A day of misses across the board.
Daily Brief: Oil Drops as Bessent Prepares Iran ‘Economic D-Day,’ But This Week’s Real Fireworks Are Still to Come
Oil slides ahead of Bessent's Iran speech, CFNAI turns negative, and a monster week looms: PCE, GDP, Nvidia earnings, and Jackson Hole all hit within...
Daily Brief: Services PMI Surges to 56.8, Lifting Composite to 52-Month High as Factory Sector Loses Steam
S&P Global's August flash PMI showed services surging to 56.8 (20-month high) while manufacturing slipped to 53.2. The composite hit 56.0 — a 52-month...
Daily Brief: Empire State Manufacturing Surges to 20.6, Crushing Estimates as Factory Optimism Returns
NY Fed's Empire State index hits 20.6 in August, nearly double the 11 consensus. New orders and backlogs surge as factory executives turn bullish for...
Daily Brief: Consumers Slam the Brakes — Retail Sales Drop 0.6%, Sentiment Crashes to 51.0
Retail sales unexpectedly fell 0.6% in July and Michigan consumer sentiment crashed to 51.0 in August — the consumer engine is sputtering.
Daily Brief: Main Street Shrugs Off the Jobs Report — Small Business Optimism Surges to 99.8
The NFIB Small Business Optimism Index surged to 99.8 in July, beating consensus by 2.3 points. Hiring plans hit a four-year high — just days after the...