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Data-Driven Sell-Off Dominates The Day. No Jobs Report on Friday
Data-Driven Sell-Off Dominates The Day. No Jobs Report on Friday
Very little changed after this morning's commentary. At the time, we were watching bonds sell-off somewhat sharply in response to an exceptionally strong ISM Manufacturing report. As is often the case with data-driven selling sprees, the worst was over in the first 10 minutes and the rest of the day was broadly sideways. That said, it wasn't without its interesting updates. Chief among them was news that this Friday's jobs report would be postponed due to the government shutdown (and same story with tomorrow's JOLTS data).
Data-Driven Sell-Off Dominates The Day. No Jobs Report on Friday
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Feb 03 | |||||
| 8:00AM | Fed Barkin Speech | ||||
| 10:10AM | Feb IBD economic optimism | Feb | 47.9 | 47.2 | |
| Wednesday, Feb 04 | |||||
| 7:00AM | Jan/30 MBA Purchase Index | Jan/30 | 193.3 | ||
| 7:00AM | Jan/30 MBA Refi Index | Jan/30 | 1332.2 | ||
| 7:00AM | Jan/30 Mortgage Market Index | Jan/30 | 363.3 | ||
| 8:15AM | Jan ADP jobs (k) | Jan | 40K | 41K | |
| 9:20AM | NY Fed Bill Purchases 1 to 4 months (%) | $8.304 billion | |||
| 9:45AM | Jan S&P Global Composite PMI | Jan | 52.8 | 52.7 | |
| 9:45AM | Jan S&P Global Services PMI | Jan | 52.5 | 52.5 | |
| 10:00AM | Jan ISM Services Employment | Jan | 52.0 | ||
| 10:00AM | Jan ISM Services Prices | Jan | 64.3 | ||
| 10:00AM | Jan ISM N-Mfg PMI | Jan | 53.5 | 54.4 | |
| 10:00AM | Jan ISM Biz Activity | Jan | 56.0 | ||
| 10:00AM | Jan ISM Services New Orders | Jan | 57.9 | ||
| 10:00AM | Jan Total Vehicle Sales (ml) | Jan | 15.5M | 16M | |
| 10:30AM | Jan/30 Crude Oil Inventory (ml) | Jan/30 | -2.296M | ||
| 6:30PM | Fed Cook Speech | ||||
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