Seems like we are always waiting on some type of economic news—today it is the producer price index (PPI) which is expected to be slightly negative for December–as always a significant deviation could move markets sharply.
We also have retail sales today which has become somewhat important recently as everyone scans the horizon for signs of a slowing economy–this is also forecast to be negative – by 1%.
Right now equity futures are up a very small amount—1/3% on the S&P500 as we await news. Interest rates are at 3.46% on the 10 year treasury which is off 6-7 basis points from yesterday. Of course we all knows this can change instantly.
Yesterday the rally in income issues continued–in a very small way. Since I am out of the office I am not contemplating any type of buying or selling–maybe next week.
After a relatively quiet day yesterday equity futures are just slightly green this morning. Interest rates are off 4 basis points or so at 3.46%