Silver State Update, Manufacturing Data, Fearless Equity Markets, Vision Update, Residential Housing Deep Dive, Linchpins, and More
In this Sunday weekly Ozone report Don, John, Six, and Awsumb do a deep dive on the critical economic data, assets, provide an update on MacroEdge Vision, and more.
Silver State Update, Manufacturing Data, & Fearless Equity Markets (@DonMiami3, MacroEdge Chief Economist)
Good Sunday evening to you all,
Hope you all had a great weekend. Another beautiful weekend to be poolside here and no complaints on my end. Last week we had another week of higher equities coupled with softer economic data that pushed yields lower. Yields really are an inflection point as commodities begin to shoot higher. This evening we are seeing strength in JGB yields and equities are drifting higher in the futures. Commodities are notably shooting higher - with silver futures up almost 5%. Hard to see a ‘disinflation’ narrative catching hold if these movements catch up and gasoline drifts higher (along with natural gas). The CRB index is a good way to track the overall basket of commodities and we’re closely keeping an eye on that along with inflation expectations as these movements continue to evolve.
Overnight ‘madness’ in metals this evening:
We’re about wrapped up with our new Casino Gaming Revenue Index - which will be the first of its kind - that will allow MacroEdge readers and Ozone members to be ahead of the curve on tracking casino gaming revenue trends. Casino gaming revenue tends to have a strong correlation to employment - so weaker casino revenue may signal a weakening labor market, and vice versa. If you missed our first television appearance for MacroEdge (beyond proud of the work our team has done, by the way) - you can view it on Fox Business directly or I will be emailing out the direct link on Monday or Tuesday where Ulysses (@MrAwsumb) discussed important jobs and delinquency data.
Make sure to get MacroEdge Ozone and join as as we embark on our 2025 Vision to transform and redefine the economic data and research landscape. Try MacroEdge Ozone for two weeks here:
Our sentiment index updates and full data dashboard update for May will be updated next weekend. So keep an eye out for both items.
In tonight’s weekly report we’ll cover:
> Week Ahead
> Short Market Update
> Nevada Data (Casino Employment, Residential Construction Employment, Unemployment)
> State-Level Unemployment Update + Unemployment Radar Update
> Manufacturing Data (Employment, Capacity Utilization, Industrial Production)
