GRANNY SHOTS: June 2024 Super Granny update

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• Updating 5 Super and 5 Sleeper Grannies
• Updating 5 Super and 5 Sleeper SMID Grannies
• Chartbook linked below

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

SUPER GRANNIES: 5 Super and 5 Sleeper

“Super Grannies” (most timely) 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

• We have 5 tactical buys aka “Super Grannies”
  – NVIDIA Corp (NVDA) <– carry over
  – Alphabet Inc. (GOOGL) <– carry over
  – TransDigm Group (TDG) <– carry over
  – JP Morgan Chase & Co. (JPM) <– carry over
  – Arista Networks Inc. (ANET) <– carry over
• The bottom 5 “Sleeper Grannies” are:
  – Old Dominion Freight Line (ODFL) <– carry over
  – Phillips 66 (PSX) <– carry over
  – Zscaler Inc. (ZS) <– carry over
  – Tesla (TSLA) <– carry over
  – ConocoPhillips (COP)

SMID GRANNY SHOTS: 5 Super and 5 Sleeper

We introduced our Granny Shots 5 years ago (exact date Jan 10, 2019). Over the past 5 years, Granny Shots, our core portfolio recommendation, have beaten S&P 500 every year. Last December, we upgraded Small-caps to be the #1 recommendation in our 2024 year-ahead outlook. Many of our clients asked us for a SMID version of our Granny Shots. And here you go:

• The new SMID granny shots follow the same methodology as our “traditional” Granny Shots
• We believe the SMID granny shots could benefit from the multiple themes and secular tailwinds as well, similar to our “traditional” Granny Shots.
• The SMID granny shots were selected from a universe consisting of 2,293 small and mid-cap stocks.
• One key difference between our regular Granny Shots and SMID Granny Shots is that we used Asset Turnover as a key criterion in stock selection for the SMID list. The SMID Granny Shots are those with higher asset turnover rates vs their peers, or the ones that demonstrate a clear trend of improvement regarding the conversion of assets to sales.
• We have 5 tactical buys aka “Super SMID Grannies”
  – Agilysys Inc. (AGYS) <– carry over
  – NAPCO Security Tech (NSSC) <– carry over
  – Cirrus Logic Inc. (CRUS)
  – Wingstop Inc. (WING)
  – Amkor Technology Inc. (AMKR)
• The bottom 5 “Sleeper SMID Grannies” are:
  – DoorDash Inc. (DASH) <– carry over
  – National Presto Industries (NPK) <– carry over
  – Koppers Holdings Inc. (KOP)
  – Ovintiv Inc. (OVV)
  – Lendingtree Inc. (TREE)
  

Please see Mark’s technical note tonight and tomorrow for more commentaries on the 5 Super Granny stock ideas

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36 Granny Shot Ideas and 44 SMID Granny Shot Ideas: We performed our quarterly rebalance on 4/16. Full stock list here -> Click here

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PS: if you are enjoying our service and its evidence-based approach, please leave us a positive 5-star review on Google reviews —> Click here.

Key incoming data June:

• 6/3 9:45 AM ET: May F S&P Global Manufacturing PMITame
• 6/3 10:00 AM ET: May ISM Manufacturing PMITame
• 6/4 10:00 AM ET: Apr JOLTS Job OpeningsTame
• 6/4 10:00 AM ET: Apr F Durable Goods OrdersTame
• 6/5 9:45 AM ET: May F S&P Global Services PMITame
• 6/5 10:00 AM ET: May ISM Services PMITame
• 6/6 8:30 AM ET: 1Q F Nonfarm ProductivityTame
• 6/6 8:30 AM ET: Apr Trade BalanceTame
• 6/6 8:30 AM ET: 1Q F Unit Labor CostsTame
• 6/7 8:30 AM ET: May Jobs ReportHot
• 6/7 9:00 AM ET: May F Manheim Used vehicle indexTame
• 6/10 11:00 AM ET: May NYFed 1yr Inf ExpTame
• 6/11 6:00 AM ET: May Small Business Optimism SurveyTame
• 6/12 8:30 AM ET: May CPITame
• 6/12 2:00 PM ET: Jun FOMC DecisionTame
• 6/13 8:30 AM ET: May PPITame
• 6/14 10:00 AM ET: Jun P U. Mich. Sentiment and Inflation ExpectationTame
• 6/17 8:30 AM ET: Jun Empire Manufacturing SurveyTame
• 6/18 8:30 AM ET: May Retail Sales DataTame
• 6/18 9:00 AM ET: Jun M Manheim Used vehicle indexTame
• 6/18 4:00 PM ET: Apr Net TIC FlowsTame
• 6/19 10:00 AM ET: Jun NAHB Housing Market IndexTame
• 6/20 8:30 AM ET: Jun Philly Fed Business OutlookTame
• 6/21 9:45 AM ET: Jun P S&P Global Manufacturing PMITame
• 6/21 9:45 AM ET: Jun P S&P Global Services PMIMixed
• 6/21 10:00 AM ET: May Existing Home SalesTame
• 6/24 10:30 AM ET: Jun Dallas Fed Manuf. Activity SurveyTame
• 6/25 8:30 AM ET: May Chicago Fed Nat Activity IndexTame
• 6/25 9:00 AM ET: Apr S&P CoreLogic CS home priceTame
• 6/25 10:00 AM ET: Jun Conference Board Consumer ConfidenceTame
• 6/26 10:00 AM ET: May New Home Sales
• 6/27 8:30 AM ET: 1Q T 2024 GDP
• 6/27 10:00 AM ET: May P Durable Goods Orders
• 6/28 8:30 AM ET: May PCE Deflator
• 6/28 10:00 AM ET: Jun F U. Mich. Sentiment and Inflation Expectation

Key incoming data May 2024:

• 5/1 9:45 AM ET: Apr F S&P Global Manufacturing PMITame
• 5/1 10:00 AM ET: Apr ISM Manufacturing PMITame
• 5/1 10:00 AM ET: Mar JOLTS Job OpeningsTame
• 5/1 2:00 PM ET: May FOMC DecisionDovish
• 5/2 8:30 AM ET: 1Q P Nonfarm ProductivityTame
• 5/2 8:30 AM ET: Mar Trade BalanceTame
• 5/2 8:30 AM ET: 1Q P Unit Labor CostsMixed
• 5/2 8:30 AM ET: Mar F Durable Goods Orders Tame
• 5/3 8:30 AM ET: Apr Jobs ReportTame
• 5/3 9:45 AM ET: Apr F S&P Global Services PMITame
• 5/3 10:00 AM ET: Apr ISM Services PMITame
• 5/7 10:00 AM ET: Apr F Manheim Used vehicle indexTame
• 5/10 10:00 AM ET: May P U. Mich. Sentiment and Inflation ExpectationMixed
• 5/13 11:00 AM ET: Apr NYFed 1yr Inf ExpTame
• 5/14 6:00 AM ET: Apr Small Business Optimism SurveyTame
• 5/14 8:30 AM ET: Apr PPIMixed
• 5/15 8:30 AM ET: Apr CPITame
• 5/15 8:30 AM ET: Apr Retail Sales DataTame
• 5/15 8:30 AM ET: May Empire Manufacturing SurveyTame
• 5/15 10:00 AM ET: May NAHB Housing Market IndexTame
• 5/15 4:00 PM ET: Mar Net TIC FlowsTame
• 5/16 8:30 AM ET: May Philly Fed Business OutlookTame
• 5/17 10:00 AM ET: May M Manheim Used vehicle indexTame
• 5/22 10:00 AM ET: Apr Existing Home SalesTame
• 5/22 2:00 PM ET: May FOMC Meeting MinutesTame
• 5/23 8:30 AM ET: Apr Chicago Fed Nat Activity IndexTame
• 5/23 9:45 AM ET: Apr F S&P Global Manufacturing PMITame
• 5/23 9:45 AM ET: Apr F S&P Global Services PMITame
• 5/23 10:00 AM ET: Apr New Home SalesTame
• 5/24 8:30 AM ET: Apr P Durable Goods OrdersTame
• 5/24 10:00 AM ET: May F U. Mich. Sentiment and Inflation ExpectationTame
• 5/28 9:00 AM ET: Mar S&P CoreLogic CS home priceTame
• 5/28 10:00 AM ET: May Conference Board Consumer ConfidenceTame
• 5/28 10:30 AM ET: May Dallas Fed Manuf. Activity SurveyTame
• 5/29 2:00 PM ET: May Fed Releases Beige BookTame
• 5/30 8:30 AM ET: 1Q S 2024 GDPTame
• 5/31 8:30 AM ET: Apr PCE DeflatorTame

Key incoming data April 2024:

• 4/01 9:45 am ET: Mar F S&P Global Manufacturing PMITame
• 4/01 10:00 am ET: Mar ISM ManufacturingMixed
• 4/02 10:00 am ET: Feb JOLTS Job OpeningsTame
• 4/03 9:45 am ET: Mar F S&P Global Services PMITame
• 4/03 10:00 am ET: Mar ISM ServicesTame
• 4/05 8:30 am ET: Mar Jobs ReportHot
• 4/05 9:00 am ET: Mar F Manheim Used Vehicle IndexTame
• 4/10 8:30 am ET: Mar CPIHot
• 4/10 2pm ET: Mar FOMC Meeting MinutesTame
• 4/11 8:30 am ET: Mar PPITame
• 4/12 10:00 am ET: Apr P U. Mich. Sentiment and Inflation ExpectationTame
• 4/15 8:30 am ET: Apr Empire Manufacturing SurveyTame
• 4/15 8:30 am ET: Mar Retail Sales DataMixed
• 4/15 10:00 am ET: Apr NAHB Housing Market IndexTame
• 4/16 8:30 am ET: Apr New York Fed Business Activity SurveyTame
• 4/17 9:00 am ET: Apr Mid-Month Manheim Used Vehicle IndexTame
• 4/17 2:00 pm ET: Fed Releases Beige BookTame
• 4/18 8:30 am ET: Apr Philly Fed Business Outlook SurveyTame
• 4/22 8:30 am ET: Mar Chicago Fed Nat Activity SurveyTame
• 4/23 9:45 am ET: Apr P S&P Global PMITame
• 4/25 8:30 am ET: 1QA 2024 GDPTame
• 4/26 8:30 am ET: Mar PCETame
• 4/29 10:30 am ET: Apr Dallas Fed Manufacturing Activity SurveyTame
• 4/30 8:30 am ET: 1Q ECI Employment Cost IndexMixed
• 4/30 9:00 am ET: Feb S&P CoreLogic CS home priceTame
• 4/30 10:00 am ET: Apr Conference Board Consumer ConfidenceTame

Key incoming data March 2024:

• 3/01 9:45 am ET: Feb F S&P Global Manufacturing PMITame
• 3/01 10:00 am ET: Feb ISM ManufacturingTame
• 3/01 10:00 am ET: Feb F U. Mich. Sentiment and Inflation ExpectationTame
• 3/05 9:45 am ET: Feb F S&P Global Services & Composite PMITame
• 3/05 10:00 am ET: Feb ISM ServicesTame
• 3/06 10:00 am ET: Powell Testimony before US House Financial Services CommitteeDovish
• 3/06 10:00 am ET: Jan JOLTS Job OpeningsTame
• 3/06 2:00 pm ET: Fed Releases Beige BookTame
• 3/07 8:30 am ET: 4QF 2023 Nonfarm ProductivityTame
• 3/07 9:00 am ET: Feb F Manheim Used Vehicle IndexTame
• 3/07 10:00 am ET: Powell Testimony before US Senate Committee on Banking, Housing, and Urban AffairsDovish
• 3/08 8:30 am ET: Feb Jobs ReportMixed
• 3/12 8:30 am ET: Feb CPISlightly Hot (as anticipated)
• 3/14 8:30 am ET: Feb PPIMixed
• 3/14 8:30 am ET: Feb Retail Sales DataTame
• 3/15 8:30 am ET: Mar Empire Manufacturing SurveyTame
• 3/15 10:00 am ET: Mar P U. Mich. Sentiment and Inflation ExpectationTame
• 3/18 8:30 am ET: Mar New York Fed Business Activity SurveyTame
• 3/18 10:00 am ET: Mar NAHB Housing Market IndexTame
• 3/19 9:00 am ET: Mar Mid-Month Manheim Used Vehicle IndexTame
• 3/20 2:00 pm ET: Mar FOMC Rate DecisionDovish
• 3/21 8:30 am ET: Mar Philly Fed Business Outlook SurveyTame
• 3/21 9:45 am ET: Mar P S&P Global PMITame
• 3/25 10:30 am ET: Mar Dallas Fed Manufacturing Activity SurveyTame
• 3/26 9:00 am ET: Mar S&P CoreLogic CS home priceTame
• 3/26 10:00 am ET: Mar Conference Board Consumer ConfidenceTame
• 3/28 8:30 am ET: 4QT 2023 GDPTame
• 3/28 10:00 am ET: Mar F U. Mich. Sentiment and Inflation ExpectationTame
• 3/29 8:30 am ET: Feb PCETame

Key incoming data February 2024:

• 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 RevisionsTame 
• 2/15 8:30am ET February Empire Manufacturing Survey Tame 
• 2/15 8:30am ET February Philly Fed Business Outlook SurveyTame 
• 2/15 8:30am ET January Retail Sales DataTame 
• 2/15 10am EST February NAHB Housing Market Index Tame 
• 2/16 8:30am ET January PPIMixed
• 2/16 8:30am ET February New York Fed Business Activity SurveyTame 
• 2/16 10am ET U. Mich. Sentiment and Inflation Expectation February PrelimTame 
• 2/19 9am ET Manheim Used Vehicle Index February Mid-MonthTame 
• 2/21 2pm ET January FOMC Meeting MinutesTame 
• 2/22 9:45am ET S&P Global PMI February Prelim Tame 
• 2/26 10:30am ET February Dallas Fed Manufacturing Activity SurveyTame
• 2/27 9am ET February S&P CoreLogic CS home price Tame
• 2/27 10am ET February Conference Board Consumer ConfidenceTame
• 2/28 8:30am ET 4QS 2023 GDPTame
• 2/29 8:30am ET January PCETame

Key incoming data January 2024:

• 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 2023:

• 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 November2023:

• 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 October2023:

• 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 September2023:

•  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 decisionMarket 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 August2023:

• 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 Survey Mixed 
• 8/15 10am ET Aug NAHB Housing Market Index Tame
• 8/16 8:30am ET Aug New York Fed Business Activity SurveyNeutral
• 8/16 2pm ET FOMC Minutes Mixed
• 8/17 8:30am ET Aug Philly Fed Business Outlook Survey Positive
• 8/17 Manheim Aug Mid-Month Used Vehicle Value Index Tame
• 8/23 9:45am ET S&P Global PMI Aug Prelim Weak
• 8/25 10am ET Aug Final U Mich 1-yr inflation Mixed
• 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 July2023:

• 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 Indexin-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 PCETame
• 7/28 8:30am ET 2Q ECI Employment Cost IndexTame
• 7/28 10am ET July Final U Mich 1-yr inflationTame

Key data from June2023:

• 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 decisionTame
• 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 May2023:

• 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