Daily Rundown
March 23, 2026 Chart of the Day Number of the Day 2.9 - The Dallas Fed's estimate of the reduction in annualized global GDP growth in the second quarter should Strait of Hormuz oil shipments remain halted through June Quote of the Day "The reality is, jet fuel prices have more than doubled in the last three weeks. If prices stayed at this level, it would mean an extra $11 billion in annual expense just for jet fuel. For perspective, in United's best year ever, we made le
Chief Strategist, Bryan Jordan CFA
2 min read
Daily Rundown
March 20, 2026 Chart of the Day Number of the Day 9.7 - The months of supply of new homes on the market in January, up from 8.0 in the prior month and the most since late 2022 Quote of the Day "And at this point, we are assuming that the broader global demand from (fiscal) Q3 continues into Q4, and our first two weeks of March are essentially in line with that trend." - FedEx CEO Rajesh Subramaniam Thursday's Highlights Initial unemployment claims (week of 3/8) fell b
Chief Strategist, Bryan Jordan CFA
2 min read
Daily Rundown
March 19, 2026 Chart of the Day Number of the Day 1 - The FOMC continues to expect one 25-basis point rate cut in 2026 Quote of the Day "The economic effects could be bigger, they could be smaller. They could be much smaller or much bigger. We just don't know." - Federal Reserve Chair Jerome Powell on the war in the Middle East Wednesday's Highlights The FOMC held the federal funds target steady at a range of 3.50-3.75 percent. The PPI (February) rose by 0.7 percent o
Chief Strategist, Bryan Jordan CFA
2 min read
Daily Rundown
March 18, 2026 Chart of the Day Number of the Day 18 - Consecutive months in which the New York Fed's services index has been in negative territory, equaling the longest such streak (2008-09) in the more than two-decade history of the survey Quote of the Day "Our consumer is really healthy. We live in the top end of that K that people talk about, the premium end of the K. That group of folks wants to travel. We've seen eight of the top ten sales days in our history this
Chief Strategist, Bryan Jordan CFA
2 min read
