5/27 MacroEdge Ozone Weekly Report: Boating Into Summer with an ECB Cut?, Vision Update, Housing Data
In this weekly report - Don, Six, John, and Awsumb take a dive into the data and discuss the upcoming ECB cuts + potential ramifications, housing data, Vision, and more. #TeamMacroEdge
Boating’ into Summer with an ECB Cut? (@DonMiami3, MacroEdge Chief Economist)
Good Monday evening everyone,
Hope you all had a great holiday weekend - it certainly did go by fast but it was nice to take a few days away from the data & the screens. We have a busy few weeks ahead in the data landscape with the next labor market report as well as our first ‘State of the Gambler’ report coming out at the end of next month. The next market holiday will be observed on the 19th of June and then we’re right into the 4th holiday beyond that.
As we discussed in the Saturday evening ‘Redeye’ covering all of the critical labor data - expect more on our end on the days to come with new data & more that we’ll keep you in the loop on. If you missed that deep dive into all of the labor market data and critical labor signals, you can catch it here:
The key drivers for markets will continue to be Central Bank policy (which we will now begin monitoring more closely as the ECB is expected to cut next month) as well as yields (inflation/labor) as we’ve discussed, and dollar (DXY) strength. The combination of the labor data over the summer as well as Central Bank policy globally should continue to provide us a clearer picture on the labor market in the months to come.
Also - glad to be joined by Six, Ulysses, and John for the weekly Ozone report this Monday evening.
Today we’ll be focusing on:
> The Week Ahead
> MacroEdge One
> Latest Techincal Picture
> Next ECB Moves (European Overview)
