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Incidental Weakness. Bigger Considerations on The Horizon
Incidental Weakness. Bigger Considerations on The Horizon
Without any data or compelling market movers, bonds came into the day light on inspiration. Low volume/liquidity left the door open for any determined traders to have a bigger-than-normal influence on the market. That arguably happened between 9am and 10:30am ET with both stocks and bonds losing ground simultaneously. This coincided perfectly with an uptick in Fed rate hike expectations seen via near-term Fed Funds Futures.
Incidental Weakness. Bigger Considerations on The Horizon
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Aug 24 | |||||
| 2:00PM | Treasury Secretary Bessent Speech (%) | ||||
| Tuesday, Aug 25 | |||||
| 8:00AM | Jul Building Permits (ml) | Jul | 1.443M | 1.374M | |
| 8:00AM | Fed Barkin Speech | ||||
| 8:15AM | ADP Employment Change Weekly | 9.5K | |||
| 9:00AM | Jun FHFA Home Price Index m/m (%) | Jun | 0.2% | 0.3% | |
| 9:00AM | Jun FHFA Home Prices y/y (%) | Jun | 2.2% | ||
| 9:00AM | Jun Case Shiller Home Prices-20 y/y (% ) | Jun | 1.7% | 1.6% | |
| 9:00AM | Jun CaseShiller 20 mm nsa (%) | Jun | 0.9% | ||
| 10:00AM | Jul New Home Sales (ml) | Jul | 0.62M | 0.628M | |
| 10:00AM | Jul New Home Sales (%) (%) | Jul | 1.6% | ||
| 10:00AM | Aug CB Consumer Confidence (%) | Aug | 91.2 | 90.8 | |
| 11:30AM | 6-Week Bill Auction (%) | 3.645% | |||
| 1:00PM | 2-Yr Note Auction (bl) | 69 | |||
| 4:00PM | Fed Barkin Speech | ||||
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