TRA Macro Tracking Index
Current Outlook
Markets are showing signs of fragility again today after a brief respite yesterday. Yields and the dollar remain high, and the Japanese long-term yields are continuing their march upwards. Where it stops is uncertain, but market liquidity is under pressure as a result.
Stay tuned as more data comes through before the holiday weekend!
| Variable + Date | Value | Direction |
|---|---|---|
| Macro Indicators as of May 21, 2026 | ||
| 10 Year Yields1 | 4.615 | ↓ Down |
| U.S. Dollar Index2 | 99.4 | → Flat |
| Consumer Confidence as of May 8, 2026 | ||
| MSCI3 | 48.2 | ↓ Down |
| Conference Board4 | 92.8 | ↑ Up |
| GDP as of May 21, 2026 | ||
| GDPNow5 | 4.3% | ↑ Up |
| Unemployment as of May 8, 2026 | ||
| Unemployment6 | 4.3% | → Flat |
| Inflation as of April 30, 2026 | ||
| Core PCE7 | 3.2% | ↑ Up |
| Containerized Freight Index as of May 1, 2026 | ||
| TSI8 | 139.8 | ↑ Up |