Hey friend, The weekly jobless claims data came in this morning significantly under expectations. We also got the latest Q2 GDP estimate, which showed an even higher revised growth – 3.8%. Tomorrow – the latest numbers on the Fed’s preferred inflation gauge. The Daily Direction Note: All indexes pulled back again yesterday and opened quite a bit lower this morning as well. All index directions remain upward – for….

Hey friend, We got the data on new home sales this morning, which showed an unexpected 20.5% jump in single family homes. Tomorrow, we’ll get the usual weekly jobless claims – alongside the latest GDP estimate and more goods data. The biggest market mover will be on Friday however, when the latest PCE data – the Fed’s preferred inflation gauge – comes out. The Daily Direction Note: All indexes….

Hey friend, Fed Chair Powell spoke earlier today. There were also speeches from the Fed Vice Chair and the Atlanta Fed President. We’ll report back how the market reacted to those speeches tomorrow. On top of that, we also got services and manufacturing data – both of which came in slightly ahead of expectations. The Daily Direction Note: All indexes closed higher yesterday and opened mixed today. Nonetheless, every….