Strongest Close of the Week After Well-Contained Month-End Volatility
Strongest Close of the Week After Well-Contained Month-End Volatility
There was always a reasonably high bar for today's econ data to have a big impact. When it came out right in line with expectations this morning, that ship sailed. That left the month-end trading environment as the most likely source of inspiration. While we can certainly see some evidence of month-end volatility, it played out in a narrow range. More importantly, it resolved with bonds at the strongest levels of the week, even if by only a small margin.
Stronger Close After Well-Contained Month-End Volatility
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Jun 02 | |||||
| 9:45AM | May S&P Global Manuf. PMI | May | 52 | 52.3 | 50.2 |
| 10:00AM | May ISM Manufacturing Employment | May | 46.8 | 46.5 | |
| 10:00AM | Apr Construction spending (%) | Apr | -0.4% | 0.3% | -0.5% |
| 10:00AM | May ISM Mfg Prices Paid | May | 69.4 | 70.2 | 69.8 |
| 10:00AM | May ISM Manufacturing PMI | May | 48.5 | 49.5 | 48.7 |
| 10:15AM | Fed Logan Speech | ||||
| 12:45PM | Fed Goolsbee Speech | ||||
| 12:45PM | Fed Goolsbee Speech | ||||
| 1:00PM | Fed Chair Powell Speech | ||||
| Tuesday, Jun 03 | |||||
| 10:00AM | Apr Factory orders mm (%) | Apr | -3.7% | -3% | 3.4% |
| 10:00AM | Apr JOLTs Job Quits (ml) | Apr | 3.194M | 3.332M | |
| 10:00AM | Apr USA JOLTS Job Openings (ml) | Apr | 7.391M | 7.10M | 7.192M |
| 10:10AM | Jun IBD economic optimism | Jun | 49.2 | 49.1 | 47.9 |
| 12:45PM | Fed Goolsbee Speech | ||||
| 1:00PM | Fed Cook Speech | ||||
| 3:30PM | Fed Logan Speech | ||||
| 4:30PM | May Total Vehicle Sales (ml) | May | 15.65M | 16.3M | 17.25M |
