US Macro Daily(Beta Mode)
Markets Steady on Fed Cuts
| Prior Close | ||
|---|---|---|
| Asset | Level | Days Change |
| S&P 500 | 6,834.90 | +0.88% |
| Nasdaq | 23,307.62 | +1.31% |
| Spot VIX | 15.01 | +0.67% |
| 2 Year Bond Yield | 3.50 | +1 bps |
| 10 Year Bond Yield | 4.17 | +3 bps |
| EUR/USD | 1.1710 | -0.10% |
| USD/JPY | 157.69 | +1.34% |
| GBP/USD | 1.337 | -0.03% |
| WTI Oil | 56.15 | +0.38% |
| Gold | 4,410.10 | +1.55% |
| Bitcoin | 88,158.80 | +0.07% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Chicago Fed National Activity Index | -0.12 | - | 08:30 |
| Ny Fed Bill Purchases 4 To 12 Months | - | - | 09:20 |
| Durable Goods Orders Month-over-Month | 0.50 | -1.50 | 08:30 |
| GDP Growth Quarter-over-Quarter Second Estimate | 3.80 | 3.20 | 08:30 |
| Corporate Profits Quarter-over-Quarter Prel | 0.20 | - | 08:30 |
| Durable Goods Orders Ex Transp Month-over-Month | 0.60 | 0.30 | 08:30 |
| GDP Price Index Quarter-over-Quarter 2nd Est | 2.10 | - | 08:30 |
| Industrial Production Month-over-Month | 0.10 | 0.10 | 09:15 |
| Industrial Production Month-over-Month | - | - | 09:15 |
| Cb Consumer Confidence | 88.70 | - | 10:00 |
- US Q3 GDP revision and durable goods data eyed for growth signals amid easing inflation.
- Fed's recent rate cuts support market calm, with VIX below 16.
- Global slowdown in UK and EU tensions add context for risk appetite.
Friday's Recap
Equities ended mixed, with the S&P 500 at 6834.90, Nasdaq at 23307.62, and VIX at 15.01 indicating low volatility.
Bond yields ticked up, with the 10-year at 4.17% and 2-year at 3.50%, as inflation data fueled cautious rate cut expectations.
FX saw the USD at 1.1710 against EUR and 157.69 against JPY, steady amid geopolitical tensions.
Commodities included WTI oil at 56.15, gold at 4410.10, and Bitcoin at 88158.80, with gold hitting records on safe-haven demand.
The Day Ahead
Today's data includes Q3 GDP at 08:30am, expected at 3.2% vs prior 3.8%, alongside durable goods orders and industrial production for manufacturing insights.
NY Fed Bill Purchases at 09:20am and consumer confidence at 10:00am will gauge spending trends.
No Fed speeches scheduled, but markets watch for rate cut implications.
