High-Freq Data and DOGE Monitor - 2025-10-29
Date:
Thursday, October 30, 2025
Summary:
Still no claims or DOGE data, thanks to the shutdown. But S&P 500 forward earnings continue to break out strongly to new highs every day. Office utilization continues to inch up, with the top-three utilization cities all in Texas! And our "Truflation" real-time CPI estimator continues to show mild deflation, despite Powell's unquestioning conviction that tariffs are causing inflation.