US Macro Daily(Beta Mode)
Cuts Steady on Strong Data
| Prior Close | ||
|---|---|---|
| Asset | Level | Days Change |
| S&P 500 | 6,849.40 | -0.72% |
| Nasdaq | 23,241.99 | -0.76% |
| Spot VIX | 14.95 | +4.33% |
| 2 Year Bond Yield | 3.48 | +2 bps |
| 10 Year Bond Yield | 4.17 | +4 bps |
| EUR/USD | 1.1744 | -0.07% |
| USD/JPY | 156.79 | +0.10% |
| GBP/USD | 1.347 | -0.10% |
| WTI Oil | 57.95 | -0.22% |
| Gold | 4,319.82 | -0.43% |
| Bitcoin | 87,783.50 | +0.33% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| Weekly Jobless Claims | 215,000 | 220,000 | 199,000 |
| EIA Weekly Crude Oil Inventory | 405,000 | -900,000 | -1.9m |
| EIA Weekly Gasoline Inventory | 2.9m | 1.9m | 5.8m |
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Federal Reserve Balance Sheet | 6560m | - | 18:59 |
- Weekly jobless claims fell to 199,000, beating consensus and signaling labor market resilience despite prior softness.
- EIA crude inventories drew 1.93 million barrels, exceeding expectations and supporting oil prices amid global supply concerns.
- Fed balance sheet data tonight may offer insights into liquidity trends, with potential implications for easing expectations.
Yesterday's Recap
Weekly jobless claims came in at 199,000, well below the consensus of 220,000, indicating continued labor market strength.
EIA crude oil inventories declined by 1.93 million barrels, beating the expected draw of 900,000 barrels and driving WTI oil prices higher.
Gasoline inventories built by 5.85 million barrels, surpassing the forecast of 1.9 million barrels, amid subdued demand.
Markets closed for the New Year's holiday, leaving VIX stable at 14.95 and equities unchanged from prior sessions.
Bond yields held steady with the 10-year Treasury at 4.17%, while FX rates showed EUR/USD at 1.1744 and USD/JPY at 156.79.
The Day Ahead
Markets remain closed for New Year's Day, with no major economic data releases scheduled until Friday.
Federal Reserve balance sheet data is slated for 6:59 PM ET, providing a snapshot of quantitative tightening progress.
Investors will await the resumption of trading to assess reactions to year-end data surprises.
