Now Overheating 3M Overheating 6M Late cycle 1Y Late cycle

CPI 3.7% +0.4 CPI energy 20.4% +4.3 PPI 6.3% +0.8 Michigan 4.6 +0.6 Jobless 4.2 +0.1 Philly Fed 20.9 -16.9 WTI 103.53 +1.5 US 10Y 4.929 -0.1 S&P 500 7587.5 -166.8 Nasdaq 100 28395.5 -1166.5 Gold 3888.7 -142.7 Dow 51815.0 -697.0 Trident Dow LONG 51815.0 Trident S&P 500 LONG 7587.5 Trident Nasdaq 100 LONG 28398.5 Trident Crude LONG 103.53 Trident Gold LONG 3888.7 Trident Euro LONG 1.1188

2026-09-15 13:47 UTC Data update 4 min read Original

CrowdMood Column

Factory surveys 2026-08: public prints, not a cut hall pass

Philly Fed factory 47.4 (+6.00 from prior, 2026-08) · Empire State factory 7.6 (-13.00 from prior, 2026-09) · Dallas Fed factory 11.6 (+10.30 from prior, 2026-08).

The desk read

A firm factory print is goods still moving. It does not retire depletion, and it does not pin the 10-year if energy CPI is still loud. Treat this as a pulse, not a permission slip for duration. Tape: WTI 103.44, US 10Y 5.002.