| Prior Close | ||
|---|---|---|
| Asset | Level | Days Change |
| S&P 500 | 6,830.60 | +0.69% |
| Nasdaq | 23,214.69 | +0.82% |
| Spot VIX | 17.21 | +0.12% |
| 2 Year Bond Yield | 3.49 | +2 bps |
| 10 Year Bond Yield | 4.00 | -0 bps |
| EUR/USD | 1.1600 | +0.04% |
| USD/JPY | 156.24 | -0.05% |
| GBP/USD | 1.324 | +0.02% |
| WTI Oil | Data Unavailable | Data Unavailable |
| Gold | 4,162.53 | 0.00% |
| Bitcoin | 91,380.65 | +1.00% |
| Data | Prior | Cons | Actual |
|---|---|---|---|
| MBA 30-Year Mortgage Rate | 6.37 | - | 6.40 |
| Durable Goods Orders Month-over-Month | 3 | 0.30 | 0.50 |
| Durable Goods Orders Ex Transp Month-over-Month | 0.50 | 0.20 | 0.60 |
| Weekly Jobless Claims | 222,000 | 225,000 | 216,000 |
| Chicago PMI | 43.80 | 44.30 | 36.30 |
| EIA Weekly Crude Oil Inventory | -3.4m | -500,000 | 2.8m |
| EIA Weekly Gasoline Inventory | 2.3m | 700,000 | 2.5m |
| Fed Beige Book | - | - | - |
| Data | Prior | Cons | Time |
|---|---|---|---|
| Federal Reserve Balance Sheet | 6560m | - | 16:30 |
Durable goods orders rose 0.5% MoM, exceeding 0.3% consensus and highlighting ex-transport resilience at 0.6%, while weekly jobless claims fell to 216k below 225k expectations. Chicago PMI collapsed to 36.3, far below 44.3 forecast and prior 43.8, underscoring deep manufacturing weakness. EIA crude inventories built 2.774M barrels, a massive surprise versus -0.5M expected, potentially easing supply concerns. Fed Beige Book offered regional insights without major shifts. Equities held steady with S&P 500 at 6830.60 and Nasdaq at 23214.69, amid calm trading as VIX edged to 17.21. Bond yields remained flat, 2-year at 3.49% and 10-year at 4.00%, while FX pairs like EUR/USD at 1.1600 showed minimal changes. Commodities were stable, gold at 4162.53 and Bitcoin at 91380.65, with WTI oil data unavailable but inventories suggesting oversupply. (cont...)
Federal Reserve balance sheet update at 4:30pm is expected to show continued reductions from 6.56T prior, potentially signaling monetary easing pace. Markets will scrutinize the release for implications on liquidity and rate cut timing.
Mortgage rates dipped to 6.4%, improving affordability as Fed cut expectations build. US economy faces imbalance risks, with stock highs contrasting rising living costs for many.
Fed stays in a cutting cycle, with Chicago PMI miss supporting faster pace to address manufacturing slump. Data weakness leans dovish, favoring more cuts in 2025 despite Beige Book stability. NY Fed insights absent, but balance sheet data may reinforce gradual easing.