Daily Rundown

June 15, 2026

Chart of the Day

Number of the Day

37.7 - The year-to-date percentage increase in client margin loan balances at Charles Schwab

Quote of the Day

"Lower-income consumers exhibited a particularly strong sentiment increase, consistent with the fact that gasoline comprises a larger share of their budgets." - University of Michigan Survey of Consumers Director Joanne Hsu

Friday's Highlight

The University of Michigan consumer sentiment index (June) rose by 4.1 points to 48.9, the first increase in four months, as inflation expectations fell.

Quick Commentary

The interim peace agreement between the U.S. and Iran is already pushing energy prices lower and should, in turn, provide a further boost to consumer sentiment. Sentiment was already quite low when the war began, however, and is unlikely to normalize until there is a more clear-cut improvement in the labor market and a sustained reduction in uncertainty. In contrast, investor sentiment looks increasingly robust, as evidenced by the sharp upward moves in recent months in retail trading activity and margin balances.

Today's Highlights

Industrial production

Home builder sentiment

Empire State manufacturing survey

Daily Trivia

What piece of software was quietly retired by IBM in 2013, 30 years after it helped to kickstart the PC revolution as the first "killer app" of the era?

(Friday's Question: What is the top airport in the U.S. for cargo volume due to its strategic location within a 9.5 hour flight of 90 percent of the industrialized world? Answer: Anchorage)