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Strongest Close of the Week After Well-Contained Month-End Volatility
Strongest Close of the Week After Well-Contained Month-End Volatility
There was always a reasonably high bar for today's econ data to have a big impact. When it came out right in line with expectations this morning, that ship sailed. That left the month-end trading environment as the most likely source of inspiration. While we can certainly see some evidence of month-end volatility, it played out in a narrow range. More importantly, it resolved with bonds at the strongest levels of the week, even if by only a small margin.
Stronger Close After Well-Contained Month-End Volatility
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, May 30 | |||||
| 8:30AM | Apr Inflation-Adjusted Spending (Consumption) (%) | Apr | 0.2% | 0.2% | 0.7% |
| 8:30AM | Apr Wholesale inventories mm (%) | Apr | 0% | 0.4% | 0.4% |
| 8:30AM | Apr Core PCE Inflation (y/y) (%) | Apr | 2.5% | 2.5% | 2.6% |
| 8:30AM | Apr Core PCE (m/m) (%) | Apr | 0.1% | 0.1% | 0.0% |
| 9:45AM | May Chicago PMI | May | 40.5 | 45 | 44.6 |
| 10:00AM | May Consumer Sentiment (ip) | May | 52.2 | 51 | 52.2 |
| 10:00AM | May Sentiment: 5y Inflation (%) | May | 4.2% | 4.6% | 4.4% |
| 10:00AM | May U Mich conditions | May | 58.9 | 57.6 | 59.8 |
| 10:00AM | May Sentiment: 1y Inflation (%) | May | 6.6% | 7.3% | 6.5% |
| 12:20PM | Fed Bostic Speech | ||||
| 7:30PM | Fed Goolsbee Speech | ||||
| Monday, Jun 02 | |||||
| 9:45AM | May S&P Global Manuf. PMI | May | 52.3 | 50.2 | |
| 10:00AM | May ISM Manufacturing Employment | May | 46.5 | ||
| 10:00AM | Apr Construction spending (%) | Apr | 0.3% | -0.5% | |
| 10:00AM | May ISM Mfg Prices Paid | May | 70.2 | 69.8 | |
| 10:00AM | May ISM Manufacturing PMI | May | 48.7 | 48.7 | |
| 10:15AM | Fed Logan Speech | ||||
| 12:45PM | Fed Goolsbee Speech | ||||
| 12:45PM | Fed Goolsbee Speech | ||||
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