Daily Rundown
- Chief Strategist, Bryan Jordan CFA
- 3 days ago
- 1 min read
April 29, 2025
Chart of the Day
Number of the Day
47.1 - The Dallas Fed's outlook uncertainty index in April, up from 36.2 in March and the highest level in five years
Quote of the Day
"There is really no way to predict anything accurately six months out or even six weeks out now for our industry due to the tariff and trade uncertainty....It's chaos right now." - Respondent to the April Dallas Fed manufacturing survey
Monday's Highlight
The Dallas Fed manufacturing index (April) slumped to a 59-month low -35.8 from a prior -16.3.
Quick Commentary
Any recession in the months ahead will have been well telegraphed, as virtually every business survey in recent weeks has reflected an increasingly stressed environment. The scope for a soft landing continues to narrow.
Today's Highlights
Consumer confidence
Job openings
Case-Shiller home prices
Trade balance in goods
Visa earnings
UPS earnings
GM earnings
Daily Trivia
What iconic TV commercial ended with the statement "On a hilltop in Italy we assembled young people from all over the world to bring you this message"?
(Monday's Question: What two countries, separated by less than 25 miles, are widely considered to have signed the first free trade agreement? Answer: England and France)