Let's continue that conversation this morning with Dan Greenhouse, chief strategist, managing director at Solless Alternative Asset Management, who joins us here at Post9. Happy Friday, DG. Good to see you.So, this uh this week, has it been like a a healthy breather going into a ramp in the year end or is the rally as broad as you would have liked. >> No, the rally is not as broad as I would have liked. It's there's a lot of lowquality and uh bitcoin related names that that have led the way, but but also ho ...

Thursday, September 25, 2025Pre-market futures are still swimming in the red at this hour, even with a large amount of economic data hitting the tape better than expected. Market indexes are moving fairly rapidly, but currently we’re -70 points on the Dow, -28 on the S&P 500 and -145 points on the Nasdaq. Bond yields are ticking higher, notably on the 2-year: +3.66%; the 10-year is approaching +4.19%.Q2 GDP Revised Up Half a Percentage PointIn a very unusual move this morning, the third and final revision t ...

Group 1 - The third quarter is concluding with stocks reaching new highs despite weaker economic data and anticipation surrounding the Federal Reserve [2][3] - A significant day for earnings is expected, with major companies like Costco, Accenture, and Jabil reporting [3][4] - Economic data releases today include Durable Goods Orders, Q2 GDP Data, Initial Jobless Claims, and Existing Home Sales, marking a busy day for economic indicators [4]

Gold held a decline — but remained near an all-time high — as traders weighed positive US economic data and divergent views by Federal Reserve officials this week that clouded the path for interest-rate cuts https://t.co/phOAY7HKTf ...

LIVE S&P 500 Builds on Record High as Fed Rate Call Comes Under More Scrutiny Last Updated: Tools 1 hour ago European Stocks Slip as Investors Weigh Economic Data and the Fed By George Glover European shares were sliding on Tuesday, with investors on edge ahead of the Federal Reserve's policy meeting. The continent's flagship Stoxx 600 index fell 0.2% in early trading. Paris's CAC 40 was flat, but Frankfurt's Dax was down 0.3%. London's FTSE 100 fell 0.2% after U.K. labor-market data showed that the country ...

Market Sentiment and Economic Data - The market has been surprisingly resilient, with a 12% increase during the summer, marking the third strongest summer in a long time [1] - Composite economic data suggests weakening employment conditions, as indicated by the Beige Book, ISM, ADP, and JOLTS reports [2] - Market's reaction is heavily influenced by revisions to economic data [4] - Revisions to employment numbers are common, with initial surveys typically having a lower response rate (around 60%) compared to later revisions (90-95%) [6] Employment Data Analysis - Consensus for the upcoming jobs number is 75,000, and unless the number is significantly outside the range of 50,000 to 150,000, it may not be a major market-moving event [9] - A jobs number above 150,000 could introduce uncertainty about potential Fed rate cuts in October and December [12] - Negative revisions to May and June numbers could potentially accelerate the timeline for Fed rate cuts [5] Federal Reserve (Fed) Policy - The market is anticipating potential Fed rate cuts, with the expectation that the die has been cast for the upcoming meeting [12][14] - Inflation numbers next week will be crucial, as they are expected to show price increases flowing through to the data, potentially complicating the Fed's job [10] - The market is learning not to overreact to policy initiatives, as several anticipated negative impacts (tariffs, deportations, OBB passage) have not materialized [15][16]

Inflation & Economic Indicators - Personal Consumption Expenditures (PCE) index came in line with expectations [1] - University of Michigan sentiment data metrics went lower [3] - Data on income spending and real spending was pretty good [4] Bond Market Analysis - Two-year note yields are decreasing due to expectations of a Federal Reserve (Fed) meeting and anticipated rate cut [3][4] - The chance of a 25 basis points cut in September is close to 90% [3] - Long end yields are influenced more by economic data than inflation [4] - Steepening of the twos-10 spread suggests the Fed is likely to ease, and the long end is positive about the economy [5] Treasury Market Volatility - Treasury market volatility is at its lowest level in four years [6] - The ranges of yield movements are getting smaller, and close-to-close values are getting tighter [6]

Monetary Policy & Economic Outlook - The market is closely watching for nuances in Fed Chair Powell's speech at Jackson Hole, seeking clues about the September policy decisions, though explicit forward guidance is unlikely [6] - Economic data, particularly inflation concerns reflected in the 30-year bond nearing 5%, are influencing the content of Powell's speech [3][4] - Labor market dynamics, including the impact of reduced immigration and changing family growth on the American workforce, are key themes [8][9][10] - Continuing claims data is being monitored as a leading indicator that could prompt the Fed to adjust its policy [11] Central Bank Independence & International Perspective - Central bank independence, especially in the context of past pressures from President Trump, is a crucial theme [8][14] - The international angle, involving the ECB, Bank of Japan, and emerging markets, is significant [7] - Jerome Powell is viewed as a central banker to the world, navigating the complexities of global banking [8] Jackson Hole Symposium Dynamics - The atmosphere at Jackson Hole is notably quieter this year compared to previous years, such as the chaos observed in August 2007 [12][13] - Attendees are looking for subtle changes in language and key sentences in Powell's speech [6] - The symposium includes international attendees like Christine Lagarde, Mr Nagel of Germany, and Bailey of the Bank of England [5]

From @WSJopinion: Economic data affect government actions and could have surprising consequences. If nominee E.J. Antoni manipulates the statistics to make Trump look good, you could end up paying higher taxes, write Daniel Bunn and Kyle Pomerleau. https://t.co/zWp0YzuvvV ...

Economic Analysis - China's economy is showing signs of weakness, suggesting that a passive approach may not be sufficient [1] Policy Implications - The poor economic data indicates limitations in China's current economic strategy [1]