Daily Briefing — July 02, 2026
Today’s Briefing
Iran’s Oil Surprise Just Handed Homebuilders a Gift Nobody Is Talking About
The biggest inflation story of the first half of 2026 was energy. Now that pressure is reversing, and the sector most likely to feel it first isn’t the one making headlines.
Economic Wire: U.S. won’t renew USMCA, opening door for negotiations with C
According to CNBC, the Trump administration has decided not to renew the United States-Mexico-Canada Agreement, opening the door to fresh negotiations with both neighbors.
The Fed’s Holding Pattern: What Six Straight Days at 3.63% Is Actually Telling You
The effective federal funds rate has sat at exactly 3.63% for six consecutive days. No drift, no wobble. Just a number that hasn’t moved.
Economic Wire: World Cup could boost the June jobs report by 40,000, Goldma
According to CNBC, Goldman Sachs estimates the 2026 FIFA World Cup could add roughly 40,000 jobs to June’s nonfarm payrolls report, against a Dow Jones consensus forecast of 115,000 total.
ON1010 provides economic education for investors. Nothing in this email constitutes investment advice. Always consult a qualified financial advisor before making investment decisions.
Correction (September 25, 2026): An earlier version of this briefing included a story saying natural gas prices were flat for a full year. EIA weekly Henry Hub data show the week ending June 26, 2026 at $3.20, 3.0% below the same week a year earlier ($3.30), after a year that included a $13.80 weekly spike (week ending January 30, 2026). That story has been withdrawn for correction.
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