An hour ago we got a softer than expected reading on the leading economic indicators from The Conference Board. The reading came in at a -1% for December versus expectations of -.7%. So the indicators are down 4.2% over the course of the last month. On the other hand ‘coincident’ indicators rose a tiny amount and they are up 1.4% over the last 6 months.
The 10 year treasury was climbing into the 3.54% area, but has now backed off to 3.50% with the soft data.
I am once again showing a small amount (+.1-.2%) of green in accounts and am more than satisfied with any capital gains at this point in time–dividends and interest will hit in about a week which will give a modest boost to accounts–January is not a large payment month.
There is no more economic news today and I don’t see that there are any Fed ‘talking heads’ out there speaking maybe it will be quiet from here on out (who really knows).
Tis the “quiet period”, so they’re supposed to button up until after the announcement.
Thanks Stephen