Good Tuesday AM,
A few second-tier data sets out today.
All came in weak. Consumer confidence off by more than 5% from expectations. Chicago Purchasing Manager’s Index, off, Richmond Fed Manufacturing, way off. Markets are taking it petty much in stride at this point and are mostly flat.
I am still expecting (more like, hoping) for a bounce in bonds. We really should be about .25% better in rate. Other than that, there is not much to share today. Believe me, I wish there was.
Please remain safe and stay healthy, make today great!