High-Freq Data and DOGE Monitor - 2026-03-18

You couldn't ask for a stronger economic base from which to withstand an oil shock. New claims fall to 205,000 -- far below expectations. S&P 500 forward estimates continue to surge at early-cycle growth rates. No one wants an oil shock if we don't have to have one, but if you do, then this is how you want to be positioned for it.