US Macro Daily(Beta Mode)
Tariff Tensions Weigh on Markets
| Prior Close | ||
|---|---|---|
| Asset | Level | Days Change |
| S&P 500 | 6,932.70 | -0.02% |
| Nasdaq | 23,593.10 | -0.09% |
| Spot VIX | 14.87 | +9.34% |
| 2 Year Bond Yield | 3.48 | 0 bps |
| 10 Year Bond Yield | 4.12 | -2 bps |
| EUR/USD | 1.1763 | -0.10% |
| USD/JPY | 156.31 | -0.12% |
| GBP/USD | 1.350 | -0.05% |
| WTI Oil | 58.35 | 0.00% |
| Gold | 4,464.50 | -1.48% |
| Bitcoin | 87,665.21 | -0.24% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Pending Home Sales Month-over-Month | 1.90 | 1 | 10:00 |
| Pending Home Sales Year-over-Year | -0.40 | - | 10:00 |
| Dallas Fed Manufacturing Index | -10.40 | - | 10:30 |
| EIA Weekly Crude Oil Inventory | -1.3m | -2.6m | 10:30 |
| EIA Weekly Gasoline Inventory | 4.8m | 1.1m | 10:30 |
| S&P/Case-Shiller Home Price Year-over-Year | 1.40 | 1.10 | 09:00 |
| Chicago PMI | 36.30 | 39.50 | 09:45 |
| Dallas Fed Services Index | -2.30 | - | 10:30 |
| Dallas Fed Services Revenues Index | -2.50 | - | 10:30 |
| FOMC Meeting Minutes | - | - | 14:00 |
- Q3 GDP surged 4.3% annualized, beating expectations and highlighting resilient consumer spending despite inflationary pressures.
- US bankruptcies rose sharply across sectors, signaling financial strain from high costs and tighter credit conditions.
- Global trade disruptions from US tariffs and China’s mercantilism are pressuring emerging markets and export-dependent economies.
Friday's Recap
Q3 GDP expanded at a robust 4.3% annualized rate, surpassing consensus forecasts of 3.3% and driven by strong consumer spending, while inflation moderated slightly to 0.71% in November.
US bankruptcies climbed to their highest levels in 15 years, with large corporate filings totaling 717 through November, reflecting pressures from rising costs and geopolitical volatility.
Markets traded calmly with VIX at 14.87, equities holding near highs, and bond yields stable at 4.12% for 10-year Treasuries amid thin holiday volumes.
The US dollar edged lower against EUR to 1.1763, while commodities like WTI oil fell to 58.35 and gold slipped to 4464.50 on profit-taking.
No major Fed speeches occurred, but economic data tempered rate cut expectations slightly. (cont...)
