| Prior Close | ||
|---|---|---|
| Asset | Level | Days Change |
| S&P 500 | 6,922.40 | +0.04% |
| Nasdaq | 23,501.24 | +0.28% |
| Spot VIX | 17.08 | +6.15% |
| 2 Year Bond Yield | 3.59 | -1 bps |
| 10 Year Bond Yield | 4.21 | -3 bps |
| EUR/USD | 1.1852 | +0.26% |
| USD/JPY | 153.79 | -1.30% |
| GBP/USD | 1.367 | +0.21% |
| WTI Oil | 59.36 | -2.08% |
| Gold | 5,085.07 | +1.95% |
| Bitcoin | 87,710.87 | +1.33% |
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
| Data | Prior | Cons | Time |
|---|---|---|---|
| Durable Goods Orders Month-over-Month | -2.20 | 3.70 | 08:30 |
| Chicago Fed National Activity Index | -0.21 | - | 08:30 |
| Chicago Fed National Activity Index | - | - | 08:30 |
| Durable Goods Orders Ex Transp Month-over-Month | 0.20 | 0.30 | 08:30 |
| Ny Fed Bill Purchases 1 To 4 Months | - | - | 09:20 |
| Dallas Fed Manufacturing Index | -10.90 | - | 10:30 |
| ADP Employment Change Weekly | 8,000 | - | 08:15 |
| S&P/Case-Shiller Home Price Year-over-Year | 1.30 | 1.20 | 09:00 |
| Cb Consumer Confidence | 89.10 | - | 10:00 |
| Richmond Fed Manufacturing Index | -7 | -8 | 10:00 |
US GDP growth accelerated to 4.4% in Q3, surpassing the 4.3% consensus and fueled by robust consumer spending and net exports. Weekly jobless claims dipped to 200,000, beating forecasts and signaling labor market strength. Core PCE inflation held steady at 0.2% m/m, in line with expectations, while bond yields ticked up modestly to 4.24% for 10-year. Markets traded calmly with VIX at 15.82, S&P 500 at 6919.60, and gold climbing to 4921.07 amid Greenland disputes. No major Fed speeches occurred, but prior comments emphasized data dependence.
Durable Goods Orders at 08:30 are expected at 3.7% m/m versus -2.2% previous, watching for manufacturing momentum. Chicago Fed National Activity Index at 08:30, consensus -0.21, may gauge regional economic health. ADP Employment Change at 08:15, forecasted at 8,000, will preview payrolls. NY Fed Bill Purchases at 09:20 and S&P/Case-Shiller Home Prices at 09:00 could influence housing outlook. (cont...)
Trump's tariffs on Canada threaten trade disruptions, echoing Greenland tensions and pressuring global supply chains. China's AI push focuses on open models for economic spread, contrasting US proprietary approaches. Gold's rally to near $5,000 reflects investor FOMO amid US economic volatility.
In the rate-cutting cycle, strong GDP supports slower cuts to avoid overheating. Steady PCE inflation favors fewer reductions in 2025, tilting hawkish on pace. Powell may stress data dependence in upcoming comments, with markets pricing cautious easing. Recent labor beats reinforce gradual approach over aggressive shifts.