Daily Rundown
September 29, 2026
Chart of the Day
Number of the Day
-12
The year-over-year percentage decline in ski season pass sales sold by Vail Resorts through September 18
Quote of the Day
“High interest and energy costs are a double hit. We can’t do any planning.”
Respondent to the September Dallas Fed manufacturing survey
Monday’s Highlight
The Dallas Fed manufacturing index (September) slipped to 9.8 from a prior 11.6.
Quick Commentary
Economic growth is imbalanced to the point that there are stark differences even within a niche such as the Texas manufacturing industry. While some respondents to this month’s Dallas Fed survey reported solid growth (“We are experiencing strong customer demand...”, “Sudden unexpected surge in new orders...”, etc.), others indicated a slump (“Incoming orders have really slowed down...”, “...very little to no manufacturing growth exists...”, etc.). This is, of course, a microcosm of the crosscurrents in the economy at large, highlighting the challenge the Fed faces in pulling off another soft landing should it continue to tighten policy.
Today’s Highlights
Consumer confidence
Job openings
Case-Shiller home prices
Daily Trivia
What team name was Utah’s NHL franchise unable to adopt when the U.S. Patent and Trademark Office ruled that it risked consumer confusion with an existing outdoor products brand?
(Monday’s Question: What country led the Eastern Bloc in international tourist arrivals during the Cold War, thanks in part to the millions who came each year from just a few miles away? Answer: East Germany)