MacroEdge 6/30 Weekly Report: Warm Welcome to Summer
In this weekly report, we dive into the latest data as we enter Summer - including labor data, manufacturing, thoughts on the market,
Welcome to the Summer Lull (@DonMiami3, MacroEdge Chief Economist)
An official welcome to the Summer season everyone,
It’s a holiday week with the 4th of July celebrations kicking off - the market will be closed on the 4th. This week marks a labor market data release along with a breadth of other data coming in internationally on the state of other economies that are facing softening labor dynamics (Australia, New Zealand, and Canada) to name a few.
Since most everyone is out vacationing, or prepping to enjoy a few days off of work - we’ll keep our Sunday evening reports a bit more brief until activity picks back up or there is critical data to cover that will have larger impacts on the economy.
At the end of this month - we’ll be rolling out MacroEdge Global - for global data coverage. Access to MacroEdge Global and all of the global data, monthly report (opt-in), and more will be included with an existing Ozone membership. More details will arrive as the month progresses.
Catch access to Ozone here: MacroEdge.net/trial
There’s no change to our outlook on the broader softening labor market and equity market that continues to price in a ‘beyond perfect’ scenario which will become less and less likely as the Federal Reserve maintains a restrictive stance and unemployment rises.
