Key Events This Holiday-Shortened Week: PCE, Durables, Consumer Confidence And Fed Speakers

Mississippi Goes Blue: Democrat Scott Colom Ousts "100% MAGA" Hyde-Smith Democrat Scott Colom has unseated Republican Sen. Cindy Hyde-Smith in Mississippi, NBC News, CNN and the Associated Press projected Wednesday. President Trump carried the state by 23 points in 2024, and the win gives Democrats at least 55 Senate seats next year.CNN PROJECTS THAT SCOTT COLOM WINS THE SENATE RACE IN MISSISSIPPI! pic.twitter.com/7MVfp94PAh— Aaron Rupar (@atrupar) November 11, 2026Hyde-Smith called Colom late Wednesday afternoon to concede, two sources close to his campaign told CNBC. Thank you, Mississippi. pic.twitter.com/DtNPffutPu— Cindy Hyde-Smith (@cindyhydesmith)...

"Cautious Optimism": US Pending Home Sales Rise For 3rd Straight Month In April Pending home sales were expected to rise for the third straight month in April (after crashing to record lows to end last year) as mortgage rates stabilized amid war worries, and they did, rising 1.4% MoM (better than the 1.0% expected) with March's gains revised higher too. Source: Bloomberg This left pending home sales up 3.35% YoY - the best annual gain since Nov 2024 - lifting the index off record lows... Source: Bloomberg The report suggests the housing market was...

Media Says 'Gambling' Trump Got Lucky On The Economy Democrats have been predicting doom and gloom ever since Trump returned to office, yet the economic calamity they assured us would come has yet to materialize. But rather than give Trump credit, the narrative being pushed now is that his wins are just dumb luck. (Washington Post staff illustration; photo by Jabin Botsford/The Washington Post, iStock) That’s certainly the message of a Politico piece headlined "Trump Keeps Gambling With the Economy — And Getting Away With It.”  "President Donald Trump has spent his...