Uncertainty Extended Indefinitely
Uncertainty Extended Indefinitely
Heading into last night's ceasefire expiration, there was a sense that the market would at least have something to provide a directional cue to break the recent range-bound monotony. Instead, not only was the ceasefire extended, but the new deadline is explicitly TBD. This makes the expiration of range-bound monotony similarly uncertain. Today's almost perfectly flat trading session submits itself as evidence. All this having been said, the absence of a deadline doesn't mean things can't change precipitously.
Uncertainty Extended Indefinitely
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Apr 23 | |||||
| 8:30AM | Apr/11 Continued Claims (k) | Apr/11 | 1820K | 1818K | |
| 8:30AM | Apr/18 Jobless Claims (k) | Apr/18 | 212K | 207K | |
| 9:45AM | Apr S&P Global Services PMI | Apr | 50 | 49.8 | |
| 9:45AM | Apr S&P Global Manuf. PMI | Apr | 52.5 | 52.3 | |
| 9:45AM | Apr S&P Global Composite PMI | Apr | 50.3 | ||
| 1:00PM | 5-Yr Note Auction (bl) | 26 | |||
| Friday, Apr 24 | |||||
| 10:00AM | Apr Consumer Sentiment (ip) | Apr | 47.6 | 53.3 | |
| 10:00AM | Apr U Mich conditions | Apr | 50.1 | 55.8 | |
| 10:00AM | Apr Sentiment: 1y Inflation (%) | Apr | 4.8% | 3.8% | |
| 10:00AM | Apr Sentiment: 5y Inflation (%) | Apr | 3.4% | 3.2% | |
