Interest rates are tumbling this morning by 10 basis points in spite of a producer price index (PPI) that came in warmer than expected. I don’t personally see the reason for the tumble–but lower is always better for us income investors.
Not planning to do anything today–I have been out of office this morning for a few hours AND very early this morning I had messed up the website while trying to do some work I should leave to the technical people–I now turned it over to them to complete. Also I have to be out of the office this afternoon so am not going to willy nilly buy/sell.
Right now we don’t have any of the most important pieces of economic news (CPI, PPI, GDP or PCE) for a couple weeks so maybe we will have some relative calm in the markets (famous last words) and I can figure out what to do next.
Could the falling Consumer Spending Sentiment index be a precursor to more falling Producer Price Index….Time will tell….