Light Volatility After Initial Losses
Light Volatility After Initial Losses
The first day of the new month began with some potential excitement, albeit not the good kind. A corporate bond offering from Alphabet pushed yields quickly higher just before 8am. Lackluster results in the ISM Manufacturing data helped push back in the other direction, but only briefly. The rest of the day was spent with yields drifting sideways near the AM highs, ultimately making for the weakest close since October 9th, but only modestly worse than last Thursday.
Light Volatility After Initial Losses
| Time | Event | Period | Actual | Forecast | Prior | 
|---|---|---|---|---|---|
| Monday, Nov 03 | |||||
| 9:45AM | Oct S&P Global Manuf. PMI | Oct | 52.5 | 52.2 | 52.0 | 
| 10:00AM | Oct ISM Manufacturing Employment | Oct | 46.0 | 45.3 | |
| 10:00AM | Oct ISM Mfg Prices Paid | Oct | 58.0 | 61.7 | 61.9 | 
| 10:00AM | Oct ISM Manufacturing PMI | Oct | 48.7 | 49.5 | 49.1 | 
| 12:00PM | Fed Daly Speech | ||||
| 2:00PM | Fed Cook Speech | ||||
| 7:00PM | Oct Total Vehicle Sales (ml) | Oct | 15.3M | 15.6M | 16.4M | 
| Tuesday, Nov 04 | |||||
| 6:35AM | Fed Bowman Speech | ||||
| 8:30AM | Aug Trade Gap (on hold, shutdown) (bl) | Aug | $-60.4B | $-78.3B | |
| 8:30AM | Sep Trade Gap (on hold, shutdown) (bl) | Sep | |||
| 10:00AM | Sep (on hold) USA JOLTS Job Openings (ml) | Sep | 7.2M | 7.227M | |
| 10:00AM | Sep (on hold) JOLTs Job Quits (ml) | Sep | 3.091M | ||
| 10:10AM | Nov IBD economic optimism | Nov | 48.1 | 48.3 | |
| 10:30AM | NY Fed Treasury Purchases 10 to 22.5 yrs (%) | $50 million | |||