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Market Snapshot January 14, 2022

Good Friday AM,

Weak economic data across the board should have allowed for some additional improvement in rates but alas, the markets and traders who trade them don’t always follow a should have script. I do think after the holiday we have a good chance to see some improvement but for now, let’s hope we can claw back to just unchanged (currently down a dozen bps).

If you are  a bean counter as I am, the data shows less growth than expected (some say due to Omicron) and stacked up as:

  • Consumer Sentiment 68.8 vs est of 70.0
  • Industrial Production -0.1 vs 0.4
  • Capacity Utilization 76.5 vs 77
  • Retail Sales -1.9 vs 0.0 Retail Sales Ex Autos -2.3 vs 0.2
  • Import Prices -0.2 vs 0.3

Next week will hopefully be brighter.

For now, please remain safe and healthy, enjoy the holiday weekend and first, make today great.