Daily Rundown
August 3, 2026 Chart of the Day Number of the Day 3.2 The year-over-year change in the wages and salaries component of the employment cost index in the second quarter, down from 3.4 percent in Q1 and the slowest pace since 2021 Quote of the Day “Modest action in the near term would reduce the likelihood of needing to take sharper action later.” Dallas Fed President Lorie Logan Friday’s Highlights The U. of Michigan consumer sentiment index (July) rose by 5.7 points to a five-
Chief Strategist, Bryan Jordan CFA
1 min read
Daily Rundown
July 31, 2026 Chart of the Day Number of the Day 2.7 The personal saving rate in June, down from 2.8 percent in May for a 13th decline in the last 14 months and the lowest level in four years Quote of the Day “We now believe we will spend $220 billion in cash capex in 2026, the higher cost of memory pushing this number up from our previous estimate of $200 billion. But even at that amount, we will still not have enough capacity to meet all of the demand we have.” Amazon CEO A
Chief Strategist, Bryan Jordan CFA
2 min read
Daily Rundown
July 30, 2026 Chart of the Day Number of the Day 3 Dissents in favor of a 25 basis point rate hike at this week’s FOMC meeting, the first votes in favor of higher rates in three years Quote of the Day “If inflation continues to be elevated through the forecast period, interest rates could well be part of that solution, but I wouldn’t say it’s in isolation.” Federal Reserve Chair Kevin Warsh Wednesday’s Highlights The FOMC left the federal funds target rate unchanged at 3.50-3
Chief Strategist, Bryan Jordan CFA
2 min read
Daily Rundown
July 29, 2026 Chart of the Day Number of the Day 15,000 ADP’s estimate for average private payroll job growth in the four weeks through July 11, the lowest since early March Quote of the Day “Growth across consumer spend bands saw incremental improvement from the prior quarter, with the highest spend band continuing to grow the fastest. We do not see signs of the lower spend consumer weakening in our volumes.” Visa CFO Chris Suh Tuesday’s Highlights Consumer confidence (July)
Chief Strategist, Bryan Jordan CFA
2 min read
