| Prior Close | ||
|---|---|---|
| Asset | Level | Days Change |
| S&P 500 | 6,883.20 | +1.13% |
| Nasdaq | 23,224.82 | +1.18% |
| Spot VIX | 16.04 | -5.09% |
| 2 Year Bond Yield | 3.60 | 0 bps |
| 10 Year Bond Yield | 4.25 | +1 bps |
| EUR/USD | 1.1697 | +0.09% |
| USD/JPY | 158.66 | +0.18% |
| GBP/USD | 1.342 | -0.04% |
| WTI Oil | 60.34 | 0.00% |
| Gold | 4,828.13 | -0.05% |
| Bitcoin | 89,866.61 | +0.56% |
| Data | Prior | Cons | Actual |
|---|---|---|---|
| MBA 30-Year Mortgage Rate | 6.18 | - | 6.16 |
| Us President Trump Speech | - | - | - |
| Pending Home Sales Month-over-Month | 3.30 | -0.30 | -9.30 |
| Pending Home Sales Year-over-Year | 2.60 | - | -3 |
| API Weekly Crude Oil Stocks | 5.3m | - | 3.0m |
| Data | Prior | Cons | Time |
|---|---|---|---|
| GDP Growth Quarter-over-Quarter Final Estimate | 3.80 | 4.30 | 08:30 |
| GDP Price Index Quarter-over-Quarter Final | 2.10 | - | 08:30 |
| Weekly Jobless Claims | 198,000 | 212,000 | 08:30 |
| Core PCE Price Index Month-over-Month | 0.20 | - | 10:00 |
| Core PCE Price Index Month-over-Month | - | 0.20 | 10:00 |
| Personal Income Month-over-Month | 0.40 | - | 10:00 |
| Personal Income Month-over-Month | - | 0.40 | 10:00 |
| Personal Spending Month-over-Month | 0.30 | - | 10:00 |
| Personal Spending Month-over-Month | - | 0.50 | 10:00 |
| PCE Price Index Month-over-Month | 0.30 | - | 10:00 |
Pending home sales dropped 9.3% month-over-month and 3.0% year-over-year, missing expectations and reflecting cooling demand in the housing sector. API crude oil inventories rose by 3.04 million barrels, surpassing forecasts and exerting downward pressure on oil prices. Markets remained calm, with VIX at 16.04 indicating low volatility, as investors digested mixed economic signals. Bond yields edged lower, with the 2-year at 3.60% and 10-year at 4.25%, amid easing inflation concerns. Gold surged to 4828.13 amid Greenland disputes, while bitcoin traded at 89866.61. No major Fed speeches occurred, but prior comments underscored data-dependent policy.
The GDP growth final estimate at 08:30 is expected at 4.3%, potentially confirming robust economic expansion. Core PCE inflation at 10:00, forecasted at 0.2% month-over-month, will gauge price pressures influencing Fed decisions. Weekly jobless claims at 08:30, consensus at 212,000, may reveal labor market trends.
Tariffs on European goods are creeping into consumer prices, as vendors exhaust stockpiled inventories. US trade deficits with Southeast Asia and Taiwan are ballooning, shifting supply chains away from China. Global oil tensions from Venezuelan seizures and Kazakh disruptions support higher crude prices. Bangladesh's Islamist alliance gains momentum, potentially reshaping regional politics.
In the rate-cutting cycle, weaker housing data supports faster cuts to stimulate economic activity. Recent inflation moderation leans dovish, favoring more cuts in 2025. Powell may emphasize data dependence, tilting toward fewer cuts if growth holds firm. Markets price slower pace, reflecting confidence in easing without overheating.