US Macro Daily(Beta Mode)

November 28, 2025 robomacro.com

Markets Steady Amid Weak Data

Prior Close
Asset Level Days Change
S&P 500 6,868.80 +0.56%
Nasdaq 23,365.69 +0.65%
Spot VIX 16.22 -5.64%
2 Year Bond Yield 3.51 +2 bps
10 Year Bond Yield 4.03 +4 bps
EUR/USD 1.1599 +0.04%
USD/JPY 156.17 -0.10%
GBP/USD 1.323 -0.03%
WTI Oil Data Unavailable Data Unavailable
Gold 4,214.78 +1.33%
Bitcoin 90,846.17 -0.51%

Prior Economic Events

Data Prior Cons Actual
No events available
Chart of the Day

Today's Economic Events

Data Prior Cons Time
Federal Reserve Balance Sheet6560m-16:30
  • Chicago PMI slumped to 36.3, far below 44.3 consensus, signaling deep manufacturing contraction.
  • Durable goods orders surprised higher at 0.5% MoM, buoyed by ex-transport gains.
  • Fed cutting cycle may quicken pace as softening signals persist.

Yesterday's Recap

Durable goods orders advanced 0.5% MoM, surpassing 0.3% consensus and driven by ex-transport strength at 0.6%, while weekly jobless claims dropped to 216k below 225k forecast.
Chicago PMI crashed to 36.3, a sharp miss against 44.3 expectations, revealing acute manufacturing weakness.
EIA crude inventories swelled by 2.774M barrels, defying -0.5M consensus and hinting at supply glut.
Fed Beige Book provided regional economic updates without altering the dovish outlook.
Equities traded quietly, with S&P 500 at 6830.60 and Nasdaq at 23214.69, as VIX held near 17.21 in low-volatility conditions.
Bond yields stabilized at 2-year 3.49% and 10-year 4.00%, with FX pairs like EUR/USD at 1.1600 showing minimal shifts. (cont...)

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US Macro Daily(Beta Mode)

November 28, 2025 robomacro.com
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The Day Ahead

Federal Reserve balance sheet update at 16:30 is anticipated to reflect ongoing reductions from $6.56T prior, potentially clarifying liquidity trends.
Markets will assess implications for monetary easing pace and broader asset pricing.
No other major US data releases scheduled, focusing attention on the Fed's balance sheet for policy signals.

Other Economic Notes

US economy exhibits imbalance, with stock records contrasting rising living costs for many households.
Global AI advancements bolster Taiwan's economy despite geopolitical risks.
Pope advocates for ethical economic practices beyond mere production metrics.

Fed Watch

Fed remains in a cutting cycle, with recent PMI misses favoring faster reductions to counteract manufacturing slumps.
Data weakness tilts dovish, supporting more cuts in 2025 amid persistent softening.
Beige Book offered no major shifts, but balance sheet data may reinforce measured easing.

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