Unemployment Claims Drop to Near 57-Year Lows
Initial unemployment claims fall back under 200,000 for only the 8th time since 1969 and continuing claims declined to their second-lowest level since May 2023.
A Hawkish Fed Does Little To Soothe Markets
The S&P 500 falls for the 7th time in 8 sessions straining against key downside levels as a more hawkish than expected Fed does little to soften expectations for higher volatility in stock and bond markets.
U.S. Homebuilder Sentiment Drops to Joint-Least Since 2022
NAHB Housing Market Index comes in below the 50 dividing line between poor/good conditions for a 29th consecutive month, and below 40 for a 17th straight month, the longest such stretch since 2012.
Blowout Retail Sales Report Shows Consumers Continue to Consume
Core retail sales at the strongest since 2024 will be a boost to Q3 GDP estimates and should alleviate concerns about consumer spending.
Stocks See Modest Gains Ahead of the Fed
A very strong retail sales report along with easing bond yields and oil prices are giving a modest lift to stocks as they await a pivotal FOMC decision.
A Thin Margin For Error Ahead of the FOMC
Equities fall for 6th time in 7 sessions bringing key downside levels closer as breadth deteriorates, oil approaches 4-year highs and long-term yields hit the highest in nearly two decades
US Equity Markets Bend But Don’t Break
A toxic mix of a potential slowing in AI spending, rising oil prices, and increased Fed rate hike bets see markets fall, but they end well off the lows.
AI Alarm Rattles the Cages as a Big Fed Decision Awaits
Amid dystopian worries and calls for a slowdown, AI leaders speak out. Oh, and we’ve got some other stuff happening too.
The Week Ahead: A ‘Fragile’ Market Confronts Its First FOMC Hike in 3 Years
Equities enter the week with a thinning margin for error and confronted by a growing list of risks but not without opportunities.
Stocks Snap Four-Day Skid Despite Hot CPI, Attention Turns to the FOMC
US equities see broad gains led by megacaps despite markets locking in a September rate hike with at least two more priced over the next year.