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Wednesday Could Be Entirely Different
Wednesday Could Be Entirely Different
April 7th has been one of the most important days on the calendar for the Iran war due to deadline for Iran to accept Trump's terms or face major escalation. If the escalation was even remotely similar to Trump's threats, it would all but preclude a quick end to the war and especially the market-related fallout. heading into the close, Pakistan floated an option for a 2-week ceasefire in exchange for reopening the Strait of Hormuz. Markets responded favorably to notion with stocks and bond both rallying and oil prices falling to session lows. Given the absolute and severe nature of the alternative, it would be a surprise if tomorrow didn't involve a larger than normal move in one direction or the other.
Wednesday Could Be Entirely Different
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Wednesday, Apr 08 | |||||
| 7:00AM | Apr/03 MBA Refi Index | Apr/03 | 919.9 | 946.4 | |
| 7:00AM | Apr/03 Mortgage Market Index | Apr/03 | 276.0 | 278.3 | |
| 7:00AM | Apr/03 MBA Purchase Index | Apr/03 | 161.1 | 159.4 | |
| 10:30AM | Apr/03 Crude Oil Inventory (ml) | Apr/03 | 0.7M | 5.451M | |
| 1:00PM | 10-yr Note Auction (bl) | 39 | |||
| 1:05PM | Fed Daly Speech | ||||
| 2:00PM | FOMC Minutes | ||||
| Thursday, Apr 09 | |||||
| 8:30AM | Apr/04 Jobless Claims (k) | Apr/04 | 210K | 202K | |
| 8:30AM | Mar/28 Continued Claims (k) | Mar/28 | 1840K | 1841K | |
| 8:30AM | Feb PCE prices (m/m) (%) | Feb | 0.4% | 0.3% | |
| 8:30AM | Q4 PCE Prices (Q/Q) | Q4 | 2.9% | 2.8% | |
| 8:30AM | Feb Core PCE (y/y) (%) | Feb | 3% | 3.1% | |
| 8:30AM | Feb Core PCE (m/m) (%) | Feb | 0.4% | 0.4% | |
| 8:30AM | Q4 Core PCE Prices QoQ | Q4 | 2.7% | 2.9% | |
| 8:30AM | Feb PCE (y/y) (%) | Feb | 2.8% | 2.8% | |
| 8:30AM | Q4 GDP Final Sales (%) | Q4 | 0.4% | 4.5% | |
| 8:30AM | Q4 GDP (%) | Q4 | 0.7% | 4.4% | |
| 8:30AM | Q4 Corporate profits (% ) | Q4 | 4.7% | ||
| 12:00PM | WASDE Report (%) | ||||
| 1:00PM | 30-Yr Bond Auction (bl) | 22 | |||
| 1:00PM | 30-Year Bond Auction | 4.871% | |||
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