Macro Briefing - Thursday, Sep. 4
U.S. factory orders slumped for a second month in July. Weak bookings in commercial aircraft was a key source of the downshift.
Expect A Fed Rate Cut
According to the CME Group, odds for a rate cut over the last week have jumped to 98% likelihood.
The Bears Are Back In Town- The Corn & Ethanol Report
December CBOT corn high to 425 1/4/Bushel in Tuesday’s overnight session with selling being the feature in yesterday’s day session.
Year-Over-Year Small Business Employment Growth Barely Above Zero
The year-over-year change in businesses from 20-49 employees went negative in June of 2024. It’s been negative most of the months since.
On Again Off Again - The Energy Report
Oil prices are down after a report from the American Petroleum Institute seemed to suggest that demand for oil was weaker than expected, totally contradicting the big surge that we saw a week before.