TRA Macro Tracking Index

Current Outlook

Yields are going up as Treasuries face a big sell off, in part from higher oil prices and longer term risks around federal spending. New unemployment claims are down to lower levels too, which is a mixed message that includes labor market stability and more long-term jobless removing themselves from the labor market.

Stay tuned as always.

Variable + DateValueDirection
Macro Indicators as of July 23, 2026
10 Year Yields14.703↑ Up
U.S. Dollar Index2101.487↑ Up
Consumer Confidence as of July 17, 2026
MSCI354.4↑ Up
Conference Board491.2→ Flat
GDP as of July 17, 2026
GDPNow51.7%→ Flat
Unemployment as of July 2, 2026
Unemployment64.2%↓ Down
Inflation as of June 25, 2026
Core PCE73.4%↑ Up
Containerized Freight Index as of July 1, 2026
TSI8139.6↑ Up