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TFMR Podcast - Tuesday, October 29

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Data Dump Week Day #2 is now complete and it was a good one. This morning's JOLTS report was just lousy and it revealed growing weakness in the labor market...a weakness that will drive further fed funds rate cuts in December and beyond.

Also helping today was a very strong 7-year note auction that lended some strength to the bond market. As rates fell, the POSX sold off and those two together kept CDG and CDS well-bid all the way through the Globex close.

Now we do it all again tomorrow with ADP at 8:15 ET and Q3 GDP at 8:30. Good luck and have fun!

For today,...

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Key Economic Events - Week of 10/28

10/29 9:00 ET Case-Shiller home prices
10/29 10:00 ET Consumer Confidence
10/29 10:00 ET JOLTS
10/30 8:15 ET ADP jobs report
10/30 8:30 ET Q3 GDP first guess
10/31 8:30 ET PCE and Core PCE
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET S&P manu PMI
11/1 10:00 ET ISM manu PMI

randomness