Decent Gains Amid De-Escalation Headlines
Decent Gains Amid De-Escalation Headlines
Don't worry about what actually happened, who actually spoke to whom, and the details of the conversations that may or may not have happened. Today's simplest fact is that the President said things that can be filed under the heading of "de-escalation" of the Iran war and markets were obviously and immediately willing to respond. It's the response that's encouraging-regardless of the details. By no means does this constitute the big shift we're waiting for, but it at least suggests such a shift will be possible when the war is truly over.
Decent Gains Amid De-Escalation Headlines
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Mar 24 | |||||
| 8:15AM | ADP Employment Change Weekly | 10K | 9K | ||
| 9:20AM | NY Fed Bill Purchases 1 to 4 months (%) | $8.071 billion | |||
| 9:45AM | Mar S&P Global Composite PMI | Mar | 51.9 | ||
| 9:45AM | Mar S&P Global Services PMI | Mar | 51.5 | 51.7 | |
| 9:45AM | Mar S&P Global Manuf. PMI | Mar | 51.3 | 51.6 | |
| 10:00AM | Feb New Home Sales (%) (%) | Feb | |||
| 10:00AM | Feb New Home Sales (ml) | Feb | 0.745M | ||
| 1:00PM | 2-Yr Note Auction (bl) | 69 | |||
| 6:30PM | Fed Barr Speech | ||||
| Wednesday, Mar 25 | |||||
| 7:00AM | Mar/20 MBA Refi Index | Mar/20 | 1341.0 | ||
| 7:00AM | Mar/20 MBA Purchase Index | Mar/20 | 172.9 | ||
| 7:00AM | Mar/20 Mortgage Market Index | Mar/20 | 347.1 | ||
| 8:30AM | Feb Import prices mm (%) | Feb | 0.5% | 0.2% | |
| 10:30AM | Mar/20 Crude Oil Inventory (ml) | Mar/20 | -1.4M | 6.156M | |
| 11:30AM | 2-Yr Note Auction (bl) | 28 | |||
| 11:30AM | 2-Year FRN Auction (%) | 0.099% | |||
| 1:00PM | 5-Yr Note Auction (bl) | 70 | |||
| 4:10PM | Fed Miran Speech | ||||
