Daily Rundown
July 10 ,2026 Chart of the Day Number of the Day 4.6 - The months' supply of existing homes on the market at the current sales pace in June, equaling the most since mid-2016 Quote of the Day "The consumer is worse than we had anticipated, and it's driven mainly by gas prices." - Pepsi CEO Ramon Laguarta Thursday's Highlights Initial unemployment claims (week of 6/28) fell by 2,000 to 215,000. Continuing claims, however, hit a three-month high. Existing home sales (June
Chief Strategist, Bryan Jordan CFA
1 min read
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Daily Rundown
July 9, 2026 Chart of the Day Number of the Day 6 - Consecutive weeks in which the average 30-year fixed mortgage rate has held steady at 6.6 percent. Mortgage purchase applications are virtually unchanged over that same time frame. Quote of the Day "...many participants indicated that the appropriate level of the federal funds rate would be within or slightly below the current target range at the end of this year. Many other participants, however, assessed that the appro
Chief Strategist, Bryan Jordan CFA
2 min read
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Daily Rundown
July 8, 2026 Chart of the Day Number of the Day 40.9 - Households' mean probability of an increase in stock prices over the next year, the highest since April 2021 Quote of the Day "I do feel a little bit more positive about the near-term inflation outlook because of the energy price declines that we're going to see." - New York Fed President John Williams Tuesday's Highlights The trade deficit (May) widened to a 14-month high $77.6 billion from a prior $54.6 billion. E
Chief Strategist, Bryan Jordan CFA
1 min read
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Daily Rundown
July 7, 2026 Chart of the Day Number of the Day 51.2 - The ISM services employment index in June, the first expansionary reading in four months Quote of the Day "These readings, taken with respondent commentary, seem to indicate that supply chains are stabilizing amid sustained business activity, giving confidence to businesses that selective, yet modest, increased employment is warranted." - From the June ISM services report Monday's Highlight The ISM services index (J
Chief Strategist, Bryan Jordan CFA
1 min read
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