Daily Rundown
May 28, 2026 Chart of the Day Number of the Day 6.65 - The average 30-year fixed mortgage rate in the week of May 16, the highest in nine months Quote of the Day "It's gung ho, folks. M&A is the best year we've had in I've forgotten how many years. ECM (equity capital markets) is going to be huge this year." - JPMorgan CEO Jamie Dimon Wednesday's Highlights Mortgage purchase applications (week of 5/16) fell by 0.4 percent, a third decline in the last four weeks. The Ric
Chief Strategist, Bryan Jordan CFA
2 min read
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Daily Rundown
May 27, 2026 Chart of the Day Number of the Day 1.7 - The year-over-year percentage change in FHFA's house price index in the first quarter, the smallest increase since early 2012 Quote of the Day "Uncertainty continues to play a big role in capital expenditure decisions. We are not investing in fixed assets but are focusing all resources on reserves and ongoing operations, outsourcing more and establishing new alliances." - Respondent to the May Dallas Fed manufacturing
Chief Strategist, Bryan Jordan CFA
2 min read
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Daily Rundown
May 26, 2026 Chart of the Day Number of the Day 58.0 - The University of Michigan's household finances index in May, equaling the lowest level in the 48-year history of the series Quote of the Day "I will lead a reform-oriented Federal Reserve." - Federal Reserve Chairman Kevin Warsh Friday's Highlights The University of Michigan consumer sentiment index (May) fell to a record low 44.8 from a prior 48.2. The index of leading economic indicators (April) rose by 0.1 perce
Chief Strategist, Bryan Jordan CFA
1 min read
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Daily Rundown
May 22, 2026 Chart of the Day Number of the Day Less than 10 - Walmart indicated that the average fuel customer purchased less than ten gallons per visit in the most recent quarter, the first single-digit average since 2022 in what the company characterized as "an indication of stress" Quote of the Day "I'm still in a world where everyone I talk to is talking about AI and AI-related job loss." - Richmond Fed President Tom Barkin Thursday's Highlights Initial unemploymen
Chief Strategist, Bryan Jordan CFA
2 min read
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