|
|
|
|
Thursday's Rally Sets Up For a Very Interesting Friday
Thursday's Rally Sets Up For a Very Interesting Friday
Of course we had to have a big, interesting move in the bond market on the day before an economic report also famous for causing big, interesting moves. On such occasions, if Friday delivers on "interesting" it will either negate today's bullishness or add to it in a way that makes today retroactively look like an obvious near-term top in rates. There's no way to know enough about today's rally to conclude that--let alone the unknowable results of the jobs report and the ensuing reaction. All we know: today was a win. If more wins follow, we can talk more about bigger picture supportive ceilings.
Thursday's Rally Sets Up For an Interesting Friday
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Oct 01 | |||||
| 5:30AM | Sep Challenger layoffs (k) | Sep | 43.281K | 52.881K | |
| 8:30AM | Sep/19 Continued Claims (k) | Sep/19 | 1701K | 1730K | 1719K |
| 8:30AM | Sep/26 Jobless Claims (k) | Sep/26 | 197K | 200K | 197K |
| 9:05AM | Fed Barkin Speech | ||||
| 9:05AM | Fed Schmid Speech | ||||
| 9:05AM | Fed Collins Speech | ||||
| 9:45AM | Sep S&P Global Manuf. PMI | Sep | 55.9 | 57.0 | 53.9 |
| 10:00AM | Sep ISM Manufacturing Employment | Sep | 52.7 | 51.2 | |
| 10:00AM | Sep ISM Mfg Prices Paid | Sep | 77.9 | 72.3 | 71.1 |
| 10:00AM | Sep ISM Manufacturing PMI | Sep | 54.5 | 55 | 54.6 |
| 10:00AM | Aug Construction spending (%) | Aug | 0.9% | 0% | -0.5% |
| 3:30PM | Fed Williams Speech | ||||
| 6:00PM | Sep Total Vehicle Sales (ml) | Sep | 16M | 16.6M | 16.8M |
| 6:45PM | Fed Logan Speech | ||||
| Friday, Oct 02 | |||||
| 8:30AM | Sep Average earnings mm (%) | Sep | 0.3% | 0.3% | |
| 8:30AM | Sep Non Farm Payrolls (k) | Sep | 90K | 162K | |
| 8:30AM | Sep Participation Rate | Sep | 61.6% | ||
| 8:30AM | Sep Unemployment rate mm (%) | Sep | 4.1% | 4.1% | |
| 10:00AM | Aug Factory orders mm (%) | Aug | 0.1% | 0.9% | |
| 10:00AM | Fed Logan Speech | ||||
|
|
|
|
|
