Signals from the Noise: Staying Objective Now That Volatility is Back
Welcome to Wednesday everyone,
This will be a short midweek update since we still have to provide our 2025 Roadmap.
Obviously there’s been a little more volatility this week. Markets again sold off into close and ended the day negative - in similar fashion to what we saw on Monday. Our goal is to find the important data through all of these financial market jitters, and I find it most pertinent to not get all antsy and dancey. The Claims (Initial and Continuing Claims) data will be more relevant now with the employment element being the #1 focus for markets (yes the USD/Yen trade is still in play too). Given the world’s short-term obsession and focus, it makes being focused on the long-term employment dynamics more difficult - but it hasn’t changed our outlook on the labor situation for 12+ months.
In this midweek ‘Road to Rate Cuts’ report - we’ll have a brief overview on volatility, a view into the Initial and Continuing Claims data, and provide a brief note on staying objective now that volatility is back.
Make sure to catch our next Roadmap update, investment research, and data with Ozone access for two weeks at MacroEdge.net/ozoneaccess
