WEEKEND PREP 28 MAY
Debt Ceiling In the least surprising event, this weekend an “agreement in principle” between President Joe Biden and House Speaker Kevin McCarthy would raise the nation’s legal debt ceiling. Per CNN: The drama is by no means over. Congressional leaders in both parties have to convince enough of their members to vote for the agreement, […]
IN THE OVERNIGHT 26 MAY
PCE and durable goods at 8:30 AM ET Asia broadly green after yesterday’s selloff Keep an eye on that yuan (it’s always the first bullet point under overnight data) …deval going on Overnight Data/News US DATA TODAY
IN THE OVERNIGHT 25 MAY
Mostly Red in Europe and Asia-big rebound in Japan after yesterday’s selloff Overnight Data/News US DATA TODAY
IN THE OVERNIGHT 24 MAY
Sea of red Chinese Stocks Wipe Out 2023 Gains as Headwinds Intensify China’s benchmark stock index erased all its gains for the year as a weaker yuan and developers’ debt woes added to persistent worries over growth and geopolitics. Outflows from foreign investors continued. They offloaded 4.5 billion yuan ($635 million) after a $1.1 billion […]
IN THE OVERNIGHT 23 MAY
Mostly RED Japan’s Nikkei breaks run of eight consecutive days of gains -Japan’s official announcement on stricter SPE export controls from July 23 triggered declines in semiconductor names after strong gains last week. Overnight Data/News US DATA TODAY
WEEKEND PREP 21 MAY
Monday update: US DATA TODAY …..HOLY FED SPEAKERS BATMAN! RETAIL SALES Last week’s data showed “some” signs of consumer spending fatigue. U.S. retail sales increased less than expected in April, but the underlying trend was solid, suggesting that consumer spending likely remained strong early in the second quarter, despite growing risks of a recession this […]
IN THE OVERNIGHT 19 MAY
Powell speaks at 11:00 AM ET China red in a sea of green Overnight Data/News US DATA TODAY
IN THE OVERNIGHT 18 MAY
JOBLESS CLAIMS 8:30 AM ET Mixed Markets Overnight Data/News US DATA TODAY
IN THE OVERNIGHT 17 MAY
Mixed Markets again Overnight Data/News US DATA TODAY
IN THE OVERNIGHT 16 MAY
US RETAIL SALES 8:30 AM ET Mixed Markets Overnight Data/News US DATA TODAY