GRANNY SHOTS: Apr 2024 rebalance +7 adds. SMID Granny Shots +20 stocks. April Super and Sleeper Grannies. WEBINAR WED!!! Array ( [cookie] => 86b762-e13815-b0378b-354e4b-2c4e4b [current_usage] => 1 [max_usage] => 2 [current_usage_crypto] => 0 [max_usage_crypto] => 2 [lock] => [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [visitor_id] => 0 [reason] => Usage under limits [method] => ) 1 and can accesss 1

On Wednesday, 4/17 , we update our Granny Shots.

If you have not yet registered, sign up with the webinar block below.

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• Granny Shots April Quarterly rebalance today
• Updating 5 Super and 5 Sleeper Grannies
• Updating 5 Super and 5 Sleeper SMID Grannies
• See below for adds and deletes

To download the slide deck for our Granny Shots Webinar, please click here.

GRANNY SHOTS: April 2024 Rebalance

This note is focused on the quarterly rebalance of Granny Shots, and also provides the updated list of Super and Sleeper Grannies. We view Granny Shots as a core portfolio of stocks and the portfolio is adjusted to reflect seasonal and structural changes:

• For our Large-Cap Granny Shots Portfolio:
  The additions:  SMCI, DECK, EOG, COP, FANG, AXON, COST
  The deletions: EG, BLK, MNST, BKNG, V, VRTX, INTU 
• For our SMID Granny Shots Portfolio:
  The additions:  DASH, NPK, FLS, BLBD, AVAV, TEX, FSS, PLTR, ENV, PLAB, CRUS, AMKR, HUBS, APP, AGYS, SPOT, NOV, TPL, OVV, ELF
  The deletions: PBPB, TAST, DECK (upgraded to Large-cap Granny), OSW, SCS, HY, ROCK, CDRE, BELFB, QLYS, DBX, NSIT, SMCI (upgraded to Large-cap Granny), SSTK, OPFI, ENVA, AX, PAGS, CRD/A, SMLR, IMGN, NBIX
• There are a lot of moving parts in a rebalance and these are both on style changes and seasonally attractive industry groups. We don’t necessarily want to focus on these as stand alone factors, but the industry groups are shown below.
• YTD Granny Shots is up 8.97% (outperforming by +306bp vs S&P 500). YTD SMID Granny Shots is up 10.73% (outperforming by +795bp vs Russell 2500). This is tracking to be one of the strongest years for Granny Shots. Grannies have outperformed every single year since inception in January 2019.
• We know many do not want to buy a 36 stock list. So we have launched Super and Sleeper Grannies:
  – Top 5 “most attractive” are Super Grannies
  – Bottom 5 “least attractive” are Sleeper Grannies
  – we refresh these lists the third Wed of every month

For our Large-Cap Granny Shots Portfolio:

• Top 5 tactical buys aka “Super Grannies”
  – NVIDIA (NVDA 1.98% ) <– Carry-over from March
  – Caterpillar (CAT 0.11% )
  – Meta Platforms (META 0.66% ) <– Carry-over from March
  – Alphabet Inc Class A (GOOGL -6.13% )
  – TransDigm Group (TDG -3.34% )
• Bottom 5 “Sleeper Grannies” are:
  – Tesla (TSLA 1.45% )
  – Zscaler Inc(ZS 1.58% ) <– Carry-over from March
  – Intuitive Surgical (ISRG 0.25% )
  – Palo Alto Networks(PANW 0.11% ) <– Carry-over from March
  – Apple (AAPL 1.96% ) <– Carry-over from March

For our SMID Granny Shots Portfolio:

• Top 5 tactical buys aka “Super SMID Grannies”
  – TopBuild Corp (BLD 1.31% )
  – Installed Building Products (IBP 2.76% ) <– Carry-over from March
  – HCI Group Inc (HCI 0.41% ) <– Carry-over from March
  – Eagle Materials Inc (EXP -0.20% )
  – REX American Resources (REX 2.08% )
• Bottom 5 “Sleeper SMID Grannies” are:
  – CarGurus Inc (CARG 1.69% ) <– Carry-over from March
  – Hibbett Inc (HIBB) <– Carry-over from March
  – LendingTree Inc (TREE 1.61% )
  – National Presto Industries (NPK -0.55% )
  – Cirrus Logic (CRUS 11.78% )

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REBALANCE GRANNY SHOTS: +7 adds, (-7 deletes). YTD outperformance +306 bps

Today is the April quarterly rebalance of our Granny Shots portfolio.

7 rebalance additions are:

SMCI 7.08% , DECK -0.72% , EOG 1.36% , COP 2.13% , FANG 1.11% , AXON 0.73% , COST 1.59%

• Super Micro Computer Inc (SMCI 7.08% ) <– upgrade from SMID granny to large-cap granny
• Deckers Outdoor Group (DECK -0.72% ) <– upgrade from SMID granny to large-cap granny
• EOG Resources Inc (EOG 1.36% )
• ConocoPhillips (COP 2.13% )
• Diamondback Energy Inc (FANG 1.11% )
• Axon Enterprise Inc (AXON 0.73% )
• Costco Wholesale Corporation (COST 1.59% )

7 rebalance deletions are:

• EG, BLK, MNST, BKNG, V, VRTX, INTU 

The Current Portfolio as of 4/16 is as follows (new additions in Bold):

Consumer Discretionary: AMZN, GRMN, TSLA, DECK, CMG
Industrials: CAT, AXON, TDG, GWW, ODFL
Technology: NVDA, AAPL, MSFT, KLAC, SMCI, CDNS, PANW, AMD, NOW, CRWD, ZS, ANET, ORCL, CRM
Communication Services: META, GOOGL, NFLX
Energy: PSX, MPC, EOG, COP, FANG
Financials: AXP, JPM
Healthcare: ISRG
Consumer Staples: COST

Think about Granny Shots as a “core portfolio” that we rebalance every quarter. The Granny Shots is a list of our core stock holdings, using 7 thematic/quantitative portfolios and is designed to identify long-term EPS growers. Since inception in 2019, Granny Shots has outperformed every year:

• 2019 +879bp –> great year
• 2020 +3,015bp –> great year
• 2021 +392bp –> good year
• 2022 +395bp–> good year
• 2023 +440bp–> good year

REBALANCE SMID GRANNY SHOTS: +20 adds, (-22 deletes). YTD outperformance +795 bps

Today we are also rebalancing our SMID Granny Shots portfolio.

20 rebalance additions are:

• DASH, NPK, FLS, BLBD, AVAV, TEX, FSS, PLTR, ENV, PLAB, CRUS, AMKR, HUBS, APP, AGYS, SPOT, NOV, TPL, OVV, ELF

22 rebalance deletions are:

• PBPB, TAST, DECK (upgraded to Large-cap Granny), OSW, SCS, HY, ROCK, CDRE, BELFB, QLYS, DBX, NSIT, SMCI (upgraded to Large-cap Granny), SSTK, OPFI, ENVA, AX, PAGS, CRD/A, SMLR, IMGN, NBIX

The Current Portfolio as of 4/16 is as follows (new additions in Bold):

Consumer Discretionary: TPX, WSM, HIBB, CVNA, DASH, BLD, DFH, IBP, SHAK, WING
Industrials: GBX, MLI, AYI, NPK, FLS, BLBD, AVAV, GMS, TEX, FSS
Information Technology: PLTR, ENV, MSTR, PLUS, PLAB, CRUS, AMKR, NSSC, SEMR, HUBS, APP, AGYS
Communication Services: CARG, SPOT
Materials: NEU, KOP, EXP
Energy: NOV, TPL, REX, OVV
Financials: TREE, HCI
Consumer Staples: ELF

SUPER GRANNIES: 5 Super and 5 Sleeper + 5 Super SMIDS and 5 Sleeper SMIDS

“Super Grannies” (long) and “Sleeper Grannies” are derived from our core stock list of 36 ideas called “Granny Shots”

• The rationale is many clients ask us to narrow this list of 36 names down to a list of “fresh money” ideas.
• We established a criteria of 4 factors to narrow the list to tactical buys:
  – fundamentals using DQM model managed by “tireless Ken”
  – IBD momentum rating
  – technical strength measured by Price >20 DMA, 20 DMA vs 200 DMA and combos
  – Mark Newton’s judgement on technical outlook

For our Large-Cap Granny Shots Portfolio:

• Top 5 tactical buys aka “Super Grannies”
  – NVIDIA (NVDA 1.98% ) <– Carry-over from March
  – Caterpillar (CAT 0.11% )
  – Meta Platforms (META 0.66% ) <– Carry-over from March
  – Alphabet Inc Class A (GOOGL -6.13% )
  – TransDigm Group (TDG -3.34% )
• Bottom 5 “Sleeper Grannies” are:
  – Tesla (TSLA 1.45% )
  – Zscaler Inc(ZS 1.58% ) <– Carry-over from March
  – Intuitive Surgical (ISRG 0.25% )
  – Palo Alto Networks(PANW 0.11% ) <– Carry-over from March
  – Apple (AAPL 1.96% ) <– Carry-over from March

For our SMID Granny Shots Portfolio:

• Top 5 tactical buys aka “Super SMID Grannies”
  – TopBuild Corp (BLD 1.31% )
  – Installed Building Products (IBP 2.76% ) <– Carry-over from March
  – HCI Group Inc (HCI 0.41% ) <– Carry-over from March
  – Eagle Materials Inc (EXP -0.20% )
  – REX American Resources (REX 2.08% )
• Bottom 5 “Sleeper SMID Grannies” are:
  – CarGurus Inc (CARG 1.69% ) <– Carry-over from March
  – Hibbett Inc (HIBB) <– Carry-over from March
  – LendingTree Inc (TREE 1.61% )
  – National Presto Industries (NPK -0.55% )
  – Cirrus Logic (CRUS 11.78% )

Technical commentaries on the Super and Sleeper Grannies (as well as Super and Sleeper SMID Grannies) will be provided in Mark Newton’s Technical Strategy Tonight.

Key incoming data April:

• 4/01 9:45 am ET: Mar F S&P Global Manufacturing PMI Tame
• 4/01 10:00 am ET: Mar ISM Manufacturing Mixed
• 4/02 10:00 am ET: Feb JOLTS Job Openings Tame
• 4/03 9:45 am ET: Mar F S&P Global Services PMI Tame
• 4/03 10:00 am ET: Mar ISM Services Tame
• 4/05 8:30 am ET: Mar Jobs Report Hot
• 4/05 9:00 am ET: Mar F Manheim Used Vehicle Index Tame
• 4/10 8:30 am ET: Mar CPI Hot
• 4/10 2pm ET: Mar FOMC Meeting Minutes Tame
• 4/11 8:30 am ET: Mar PPI Tame
• 4/12 10:00 am ET: Apr P U. Mich. Sentiment and Inflation Expectation Tame
• 4/15 8:30 am ET: Apr Empire Manufacturing Survey Tame
• 4/15 8:30 am ET: Mar Retail Sales Data Mixed
• 4/15 10:00 am ET: Apr NAHB Housing Market Index Tame
• 4/16 8:30 am ET: Apr New York Fed Business Activity Survey
• 4/17 9:00 am ET: Apr Mid-Month Manheim Used Vehicle Index
• 4/17 2:00 pm ET: Fed Releases Beige Book
• 4/18 8:30 am ET: Apr Philly Fed Business Outlook Survey
• 4/22 8:30 am ET: Mar Chicago Fed Nat Activity Survey
• 4/23 9:45 am ET: Apr P S&P Global PMI
• 4/25 8:30 am ET: 1QA 2024 GDP
• 4/26 8:30 am ET: Mar PCE
• 4/29 10:30 am ET: Apr Dallas Fed Manufacturing Activity Survey
• 4/30 9:00 am ET: Feb S&P CoreLogic CS home price
• 4/30 10:00 am ET: Apr Conference Board Consumer Confidence
• 4/30 10:00 am ET: Apr F U. Mich. Sentiment and Inflation Expectation

Key incoming data March:

• 3/01 9:45 am ET: Feb F S&P Global Manufacturing PMI Tame
• 3/01 10:00 am ET: Feb ISM Manufacturing Tame
• 3/01 10:00 am ET: Feb F U. Mich. Sentiment and Inflation Expectation Tame
• 3/05 9:45 am ET: Feb F S&P Global Services & Composite PMI Tame
• 3/05 10:00 am ET: Feb ISM Services Tame
• 3/06 10:00 am ET: Powell Testimony before US House Financial Services Committee Dovish
• 3/06 10:00 am ET: Jan JOLTS Job Openings Tame
• 3/06 2:00 pm ET: Fed Releases Beige Book Tame
• 3/07 8:30 am ET: 4QF 2023 Nonfarm Productivity Tame
• 3/07 9:00 am ET: Feb F Manheim Used Vehicle Index Tame
• 3/07 10:00 am ET: Powell Testimony before US Senate Committee on Banking, Housing, and Urban Affairs Dovish
• 3/08 8:30 am ET: Feb Jobs Report Mixed
• 3/12 8:30 am ET: Feb CPI Slightly Hot (as anticipated)
• 3/14 8:30 am ET: Feb PPI Mixed
• 3/14 8:30 am ET: Feb Retail Sales Data Tame
• 3/15 8:30 am ET: Mar Empire Manufacturing Survey Tame
• 3/15 10:00 am ET: Mar P U. Mich. Sentiment and Inflation Expectation Tame
• 3/18 8:30 am ET: Mar New York Fed Business Activity Survey Tame
• 3/18 10:00 am ET: Mar NAHB Housing Market Index Tame
• 3/19 9:00 am ET: Mar Mid-Month Manheim Used Vehicle Index Tame
• 3/20 2:00 pm ET: Mar FOMC Rate Decision Dovish
• 3/21 8:30 am ET: Mar Philly Fed Business Outlook Survey Tame
• 3/21 9:45 am ET: Mar P S&P Global PMI Tame
• 3/25 10:30 am ET: Mar Dallas Fed Manufacturing Activity Survey Tame
• 3/26 9:00 am ET: Mar S&P CoreLogic CS home price Tame
• 3/26 10:00 am ET: Mar Conference Board Consumer Confidence Tame
• 3/28 8:30 am ET: 4QT 2023 GDP Tame
• 3/28 10:00 am ET: Mar F U. Mich. Sentiment and Inflation Expectation Tame
• 3/29 8:30 am ET: Feb PCE Tame

Key incoming data February:

• 2/01 8:30am ET 4QP 2023 Nonfarm Productivity Mixed
• 2/01 9:45am ET S&P Global Manufacturing PMI January Final Tame 
• 2/01 10am ET January ISM Manufacturing Mixed
• 2/02 8:30am ET January Jobs Report Hot
• 2/02 10am ET: U. Mich. Sentiment and Inflation Expectation January Final Tame 
• 2/05 9:45am ET S&P Global Services & Composite PMI January Final Tame 
• 2/05 10am ET January ISM Services Tame 
• 2/07 9am ET Manheim Used Vehicle Index January Final Mixed
• 2/09 CPI Revisions Tame 
• 2/13 8:30am ET January CPI  Mixed
• 2/14 PPI Revisions Tame 
• 2/15 8:30am ET February Empire Manufacturing Survey  Tame 
• 2/15 8:30am ET February Philly Fed Business Outlook Survey Tame 
• 2/15 8:30am ET January Retail Sales Data Tame 
• 2/15 10am EST February NAHB Housing Market Index  Tame 
• 2/16 8:30am ET January PPI Mixed
• 2/16 8:30am ET February New York Fed Business Activity Survey Tame 
• 2/16 10am ET U. Mich. Sentiment and Inflation Expectation February Prelim Tame 
• 2/19 9am ET Manheim Used Vehicle Index February Mid-Month Tame 
• 2/21 2pm ET January FOMC Meeting Minutes Tame 
• 2/22 9:45am ET S&P Global PMI February Prelim Tame 
• 2/26 10:30am ET February Dallas Fed Manufacturing Activity Survey Tame
• 2/27 9am ET February S&P CoreLogic CS home price Tame
• 2/27 10am ET February Conference Board Consumer Confidence Tame
• 2/28 8:30am ET 4QS 2023 GDP Tame
• 2/29 8:30am ET January PCE Tame

Key incoming data January:

• 1/02 9:45am ET S&P Global Manufacturing PMI December Final Mixed
• 1/03 10am ET December ISM Manufacturing Tame 
• 1/03 10am ET JOLTS Job Openings November Tame 
• 1/03 2pm ET December FOMC Meeting Minutes Tame 
• 1/04 9:45am ET S&P Global Services & Composite PMI December Final Tame 
• 1/05 8:30am ET December Jobs Report Mixed
• 1/05 10am ET December ISM Services Tame 
• 1/08 9am ET Manheim Used Vehicle Index December Final Tame 
• 1/11 8:30am ET December CPI Details Suggest Tame
• 1/12 8:30am ET December PPI Tame 
• 1/16 8:30am ET January Empire Manufacturing Survey Tame 
• 1/17 8:30am ET January New York Fed Business Activity Survey Tame 
• 1/17 8:30am ET December Retail Sales Data Strong
• 1/17 9am ET Manheim Used Vehicle Index January Mid-Month Tame 
• 1/17 10am EST January NAHB Housing Market Index Mixed
• 1/18 8:30am ET January Philly Fed Business Outlook Survey Tame 
• 1/19 10am ET U. Mich. Sentiment and Inflation Expectation January Prelim Tame 
• 1/24 9:45am ET S&P Global PMI January Prelim Mixed
• 1/25 8:30am ET 4QA 2023 GDP Mixed
• 1/26 8:30am ET December PCE Tame 
• 1/29 9:30am ET Dallas Fed January Manufacturing Activity Survey Tame 
• 1/30 9am ET January S&P CoreLogic CS home price Tame 
• 1/30 10am ET January Conference Board Consumer Confidence Tame 
• 1/30 10am ET JOLTS Job Openings December Mixed
• 1/31 2pm ET FOMC Rate Decision Tame 

Key incoming data December

• 12/01 9:45am ET S&P Global Manufacturing PMI November Final Tame 
• 12/01 10am ET November ISM Manufacturing Strong 
• 12/05 9:45am ET S&P Global Services & Composite PMI November Final Strong 
• 12/05 10am ET JOLTS Job Openings October Tame 
• 12/05 10am ET November ISM Services Strong 
• 12/06 8:30am ET 3QF 2023 Nonfarm Productivity Strong 
• 12/07 9am ET Manheim Used Vehicle Index November Final Tame 
• 12/08 8:30am ET November Jobs Report Tame 
• 12/08 10am ET U. Mich. Sentiment and Inflation Expectation December Prelim Tame 
• 12/12 8:30am ET November CPI Tame 
• 12/13 8:30am ET November PPI Tame
• 12/13 2pm ET FOMC Rate Decision Dovish
• 12/14 8:30am ET November Retail Sales Data Tame
• 12/15 8:30am ET December Empire Manufacturing Survey Tame
• 12/15 9:45am ET S&P Global PMI December Prelim Tame
• 12/18 8:30am ET December New York Fed Business Activity Survey Tame
• 12/18 10am ET December NAHB Housing Market Index Tame
• 12/19 9am ET Manheim Used Vehicle Index December Mid-Month Tame
• 12/20 10am ET December Conference Board Consumer Confidence Tame
• 12/21 8:30am ET 3QT 2023 GDP Mixed
• 12/21 8:30am ET December Philly Fed Business Outlook Survey Mixed
• 12/22 8:30am ET November PCE Tame
• 12/22 10am ET: U. Mich. Sentiment and Inflation Expectation December Final Tame
• 12/26 9am ET December S&P CoreLogic CS home price Tame
• 12/26 10:30am ET Dallas Fed December Manufacturing Activity Survey Tame
• 12/29 9:45am ET December Chicago PMI

Key incoming data November

• 11/01 9:45am ET S&P Global PMI October Final Tame 
• 11/01 10am ET JOLTS Job Openings September Mixed
• 11/01 10am ET October ISM Manufacturing Tame
• 11/01 10am ET Treasury 4Q23 Quarterly Refunding Press Conference Tame
• 11/01 2pm ET FOMC Rate Decision Dovish
• 11/02 8:30am ET: 3Q23 Nonfarm Productivity Tame
• 11/03 8:30am ET October Jobs Report Tame
• 11/03 10am ET October ISM Services Mixed
• 11/07 9am ET Manheim Used Vehicle Index October Final Tame
• 11/10 10am ET U. Mich. November prelim Sentiment and Inflation Expectation Hot
• 11/14 8:30am ET October CPI Tame
• 11/15 8:30am ET October PPI Tame
• 11/15 8:30am ET November Empire Manufacturing Survey  Resilient
• 11/15 8:30am ET October Retail Sales Data Resilient
• 11/16 8:30am ET November New York Fed Business Activity Survey Tame
• 11/16 8:30am ET November Philly Fed Business Outlook Survey Tame
• 11/16 10am ET November NAHB Housing Market Index  Tame
• 11/17 9am ET Manheim Used Vehicle Index November Mid-Month Tame
• 11/21 2pm ET Nov FOMC Meeting Minutes Tame
• 11/22 10am ET: U. Mich. November final Sentiment and Inflation Expectation Tame
• 11/24 9:45am ET S&P Global PMI November Prelim Mixed
• 11/27 10:30am ET Dallas Fed November Manufacturing Activity Survey Tame
• 11/28 9am ET November S&P CoreLogic CS home price  Tame
• 11/28 10am ET November Conference Board Consumer Confidence Tame
• 11/29 8:30am ET 3QS 2023 GDP Strong
• 11/29 2pm ET Fed Releases Beige Book Tame
• 11/30 8:30am ET October PCE Tame

Key incoming data October

•  10/2 10am ET September ISM Manufacturing Tame
•  10/3 10am ET JOLTS Job Openings August Hot
•  10/4 10am ET September ISM Services Tame
•  10/6 8:30am ET September Jobs Report Mixed
•  10/6 9am ET Manheim Used Vehicle Index September Final Tame
• 10/10 11am NY Fed Inflation Expectations Mixed
•  10/11 8:30am ET September PPI Mixed
•  10/11 2pm ET Sep FOMC Meeting Minutes Tame
•  10/12 8:30am ET September CPI Mixed
•  10/13 10am ET U. Mich. September prelim 1-yr inflation Mixed
•  10/16 8:30am ET October Empire Manufacturing Survey Tame
•  10/17 8:30am ET October New York Fed Business Activity Survey Tame
• 10/17 8:30am ET September Retail Sales Data Hot
•  10/17 9am ET Manheim October Mid-Month Used Vehicle Value Index Tame
•  10/17 10am ET October NAHB Housing Market Index Tame
• 10/18 8:30am ET September Housing Starts Tame
• 10/18 2pm ET Fed releases Beige Book Tame
•  10/19 8:30am ET October Philly Fed Business Outlook Survey Tame
• 10/19 10am ET Existing Home Sales Tame
• 10/19 12pm ET Fed (including Powell) at Economic Club of New York
•  10/24 9:45am ET S&P Global PMI October Prelim Tame
•  10/26 8:30am ET 3Q 2023 GDP Advance Strong
•  10/27 8:30am ET September PCE Tame
•  10/27 10am ET Oct F UMich Sentiment and Inflation expectation Tame
•  10/30 10:30am ET Dallas Fed September Manufacturing Activity Survey Tame
• 10/31 8:30am ET 3Q23 Employment Cost Index Mixed
•  10/31 9am ET August S&P CoreLogic CS home price Mixed
•  10/31 10am ET October Conference Board Consumer Confidence Tame

Key incoming data September

•  9/1 8:30am ET August Jobs Report Tame
•  9/1 10am ET August ISM Manufacturing Tame
•  9/6 10am ET August ISM Services Mixed
•  9/6 2pm ET Fed releases Beige Book Tame
•  9/8 9am ET Manheim Used Vehicle Index August Final Tame
•  9/8 2Q23 Fed Flow of Funds Report Tame
•   9/13 8:30am ET August CPI Mixed
•  9/14 8:30am ET August PPI Tame
•  9/15 8:30am ET September Empire Manufacturing Survey Tame
•  9/15 10am ET U. Mich. September prelim 1-yr inflation Tame
•  9/18 8:30am ET September New York Fed Business Activity Survey Tame
•  9/18 10am ET September NAHB Housing Market Index Tame
•  9/19 9am ET Manheim September Mid-Month Used Vehicle Value Index Mixed
•  9/20 2pm ET September FOMC rates decision Market saw Hawkish
•  9/21 8:30am ET September Philly Fed Business Outlook Survey Mixed
•  9/22 9:45am ET S&P Global PMI September Prelim
•  9/25 10:30am ET Dallas Fed September Manufacturing Activity Survey
•  9/26 9am ET July S&P CoreLogic CS home price
•  9/26 10am ET September Conference Board Consumer Confidence

Key incoming data August

• 8/1 10am ET July ISM Manufacturing Tame
• 8/1 10am ET JOLTS Job Openings Jun Tame
• 8/2 8:15am ADP National Employment Report Hot
• 8/3 10am ET July ISM Services Tame
• 8/4 8:30am ET July Jobs report Tame
• 8/7 11am ET Manheim Used Vehicle Index July Final Tame
• 8/10 8:30am ET July CPI Tame
• 8/11 8:30am ET July PPI Tame
• 8/11 10am ET U. Mich. July prelim 1-yr inflation Tame
• 8/11 Atlanta Fed Wage Tracker July Tame
• 8/15 8:30am ET Aug Empire Manufacturing SurveyMixed 
• 8/15 10am ET Aug NAHB Housing Market IndexTame
• 8/16 8:30am ET Aug New York Fed Business Activity SurveyNeutral
• 8/16 2pm ET FOMC MinutesMixed 
• 8/17 8:30am ET Aug Philly Fed Business Outlook Survey Positive
• 8/17 Manheim Aug Mid-Month Used Vehicle Value IndexTame
• 8/23 9:45am ET S&P Global PMI Aug PrelimWeak
• 8/25 10am ET Aug Final U Mich 1-yr inflationMixed
• 8/28 10:30am ET Dallas Fed Aug Manufacturing Activity Survey Tame
• 8/29 9am ET June S&P CoreLogic CS home price Tame
• 8/29 10am ET Aug Conference Board Consumer Confidence Tame
• 8/29 10 am ET Jul JOLTS Tame
• 8/31 8:30am ET July PCE Tame

Key incoming data July

• 7/3 10am ET June ISM Manufacturing Tame
• 7/6 8:15am ADP National Employment Report Hot
• 7/6 10am ET June ISM Services Tame
• 7/6 10 am ET May JOLTS Tame
• 7/7 8:30am ET June Jobs report Mixed
• 7/10 11am ET Manheim Used Vehicle Index June Final Tame
• 7/12 8:30am ET June CPI Tame
• 7/13 8:30am ET June PPI Tame
• 7/13 Atlanta Fed Wage Tracker June Tame
• 7/14 10am ET U. Mich. June prelim 1-yr inflation Mixed
• 7/17 8:30am July Empire Manufacturing Survey
• 7/18 8:30am July New York Fed Business Activity Survey
• 7/18 10am July NAHB Housing Market Index in-line
• 7/18 Manheim July Mid-Month Used Vehicle Value Index Tame
• 7/25 9am ET May S&P CoreLogic CS home price Tame
• 7/25 10am ET July Conference Board Consumer Confidence Tame
• 7/26 2pm ET July FOMC rates decision Tame
• 7/28 8:30am ET June PCE Tame
• 7/28 8:30am ET 2Q ECI Employment Cost Index Tame
• 7/28 10am ET July Final U Mich 1-yr inflation Tame

Key data from June

• 6/1 10am ET May ISM Manufacturing Tame
• 6/2 8:30am ET May Jobs report Tame
• 6/5 10am ET May ISM Services Tame
• 6/7 Manheim Used Vehicle Value Index May Tame
• 6/9 Atlanta Fed Wage Tracker April Tame
• 6/13 8:30am ET May CPI Tame
• 6/14 8:30am ET May PPI Tame
• 6/14 2pm ET April FOMC rates decision Tame
• 6/16 10am ET U. Mich. May prelim 1-yr inflation Tame
• 6/27 9am ET April S&P CoreLogic CS home price Tame
• 6/27 10am ET June Conference Board Consumer Confidence Tame
• 6/30 8:30am ET May PCE Tame
• 6/30 10am ET June Final U Mich 1-yr inflation Tame

Key data from May

• 5/1 10am ET April ISM Manufacturing (PMIs turn up) Positive inflection
• 5/2 10am ET Mar JOLTS Softer than consensus
• 5/3 10am ET April ISM Services Tame
• 5/3 2pm Fed May FOMC rates decision Dovish
• 5/5 8:30am ET April Jobs report Tame
• 5/5 Manheim Used Vehicle Value Index April Tame
• 5/8 2pm ET April 2023 Senior Loan Officer Opinion Survey Better than feared
• 5/10 8:30am ET April CPI Tame
• 5/11 8:30am ET April PPI Tame
• 5/12 10am ET U. Mich. April prelim 1-yr inflation Tame
• 5/12 Atlanta Fed Wage Tracker April Tame
• 5/24 2pm ET May FOMC minutes Dovish
• 5/26 8:30am ET PCE April Tame
• 5/26 10am ET U. Mich. April final 1-yr inflation Tame
• 5/31 10am ET JOLTS April job openings