All around it is kind of quiet today–equities off a little bit and the 10 year treasury off 2 basis points to 3.90%–looks to me like everyone is waiting on the personal consumption expenditures (PCE) tomorrow–we could have some real fireworks.
A quick glance at my accounts show they are just about as flat as the rest of the market–barely moving. Well at least I will see a modest level of dividends and interest early next week as the month ends. Of course I am doing nothing at all with buying or selling.
I see we had 2 Fed yakkers today with 1 still speaking–guess they didn’t have anything bombastic to say as markets are not moving herky/jerky. As has been the case for weeks and weeks the 1st time unemployment claims numbers came in lower than expectations–employment continues. 4th quarter GDP numbers were adjusted a bit–but not market moving.
Looks like I spoke too soon on the Fed speakers as Mary Daly from San Francisco is speaking and the S&P500 just took a decent jump (at 1:15 central) and the 10 year treasury yield dropped 2 more basis points.–she must have a dovish tone to her speech.