Just like most days last week stock markets aren’t really moving much at all—up a tiny amount and down a tiny amount.
I guess that there are fair odds that this week will remain quiet, at least until Thursday when we will see some inflation numbers in the form of the personal consumption expenditures (PCE).
The 10 year treasury yield is falling today – off 7 basis points to be trading around 4.40%. This might be giving preferreds and baby bonds the tiniest of gains–more green than red, but maybe just an average move of a nickel or a dime. Looking down the list I see a handful of issues moving 2-4%–but in the world of illiquid stocks this happens every day.
My accounts are up .1% today–like everything, some up, some down. I am fine just ‘cashing’ dividend and interest checks–capital gains are simply gravy.