Well the S&P500 and DJIA are barely moving today – the 10 year treasury yield has moved a bit higher – 5 basis points, as all markets digest the gains from last Thursday and Friday and certainly there is plenty to digest.
The average share of preferred stock or baby bonds are off about 1/2% today – no real surprise after giant gains last week.
Tomorrow we have producer prices – expectations are for +.4%–certainly this could move markets if the actual comes in more than .1 off expectations (either way).
Today the New York Fed released their 1 year and 5 year inflation expectations – they moved both higher from their previous take – 1 year from 5.4% TO 5.9% and the 5 year from 2.2% to 2.4%.
I’ve done nothing at all today–just watching. Maybe a nibble after producer prices tomorrow.