| 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% |
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
| 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 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...)
FOMC meeting minutes from December are due at 2:00 PM ET, offering insights into policymakers' views on the pace of rate cuts amid recent strong GDP data. Pending home sales data at 10:00 AM ET may reveal housing market resilience, influencing Fed easing signals. EIA weekly crude oil inventories at 10:30 AM ET could impact oil prices, with consensus expecting a draw of 1.27 million barrels.
Global hegemonies like the US and China are exacerbating trade imbalances through tariffs and mercantilist policies, harming developing countries' export competitiveness. India's economy defied odds with 8.2% Q2 GDP growth, supported by reforms and low inflation, attracting global investment despite external shocks.
In the rate cutting cycle, recent GDP strength and moderating inflation suggest a slower pace of cuts in 2026 to avoid overheating, with fewer reductions priced for the year. Fed officials emphasize data dependence, favoring caution as geopolitical tensions add uncertainty to growth forecasts. Dovish expectations persist, but hawkish data like robust consumer spending could tilt toward pauses if inflation risks reemerge.