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Slightly Weaker, But Much Stronger on The Week
Slightly Weaker, But Much Stronger on The Week
Friday was calm and sideways in the bigger picture. Sure, a 4+ bp increase in 10yr yields and an MBS decline of just over an eighth of a point might sound somewhat unpleasant on the average day, but considering we saw 4 times as much movement in the other, friendlier direction yesterday, we're not bothered. Rationale was rational to boot. The NASDAQ drifted sideways to slightly higher and nittier grittier canaries like Coreweave bond yields bounced back slightly lower as well. Overall, today did nothing to change the big picture. We're still waiting to see if tech sentiment gets back on track or continues to deteriorate. It won't be able to equivocate for long.
Weaker Today. Much Stronger This Week
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Oct 26 | |||||
| Tuesday, Oct 27 | |||||
| 8:00AM | Sep Building Permits (ml) | Sep | 1.4M | 1.403M | |
| 8:15AM | ADP Employment Change Weekly | 18.5K | |||
| 8:30AM | Sep Durable goods (%) | Sep | 1.5% | 0% | |
| 8:30AM | Sep Core CapEx (%) | Sep | 0.7% | 1.6% | |
| 9:00AM | Aug FHFA Home Price Index m/m (%) | Aug | 0.1% | 0.3% | |
| 9:00AM | Aug CaseShiller 20 mm nsa (%) | Aug | 0% | ||
| 9:00AM | Aug FHFA Home Prices y/y (%) | Aug | 2.6% | ||
| 9:00AM | Aug Case Shiller Home Prices-20 y/y (% ) | Aug | 2.5% | 2.5% | |
| 10:00AM | Sep New Home Sales (%) (%) | Sep | 6.4% | ||
| 10:00AM | Oct CB Consumer Confidence (%) | Oct | 81 | 81.9 | |
| 10:00AM | Sep New Home Sales (ml) | Sep | 0.65M | 0.684M | |
| 11:30AM | 6-Week Bill Auction (%) | 3.975% | |||
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