TRA Macro Tracking Index

Current Outlook

Lots of troubling signs in the credit markets today. Yields are up, the dollar is down, and the Fed Chair nominee is in the hot seat today for his confirmation hearing. Kevin Warsh has so far said he has no plans to be a "sock puppet" of the administration, but the President is pushing him hard for lower rates on day one. Inflation remains an issue, as does economic growth below inflation.

Oh, and the peace talks in Iran are maybe not happening. So more supply disruption and reordering, appears to be on the table.

Stay tune for more updates as the week progresses.

Variable + DateValueDirection
Macro Indicators as of April 21, 2026
10 Year Yields14.296↑ Up
U.S. Dollar Index298.454↓ Down
Consumer Confidence as of April 10, 2026
MSCI347.6↓ Down
Conference Board491.2↑ Up
GDP as of April 21, 2026
GDPNow51.2%↓ Down
Unemployment as of April 3, 2026
Unemployment64.3%↓ Down
Inflation as of April 9, 2026
Core PCE73.0%↓ Down
Containerized Freight Index as of April 1, 2026
TSI8136.4↓ Down