Market Look

Futures up a few pennies after being down throughout the night. Then the usual planted story about China trade comes out and futures rally back up. Yesterday, not so good but could have been a lot worse as a late day rally cut losses. So far, pullback but not the most harsh pullback. Yesterday, they…

Mushy day yesterday. More narrowing of market but so far, just a pullback overall. Of course, we still have to watch the recent cliff dive in financials as well as long term yields…which continues this morning as the 10 year at 2.402 as we write this. More central banks turning even more dovish as economic…

Mushy day yesterday but no more real damage after Friday. Yesterday, we told you the usual that we tell you at the end of every quarter: “This week is end-of-quarter, window dressing week. Of course, window dressing is illegal so does not happen. It usually has a positive bias but right now, lots going on.”…

-If we were only watching the bond market, we would think we were already in recession. If we were only watching the stock market, we would think the economy is accelerating. In simplest terms, we are getting quite the conflicting signals.- -As we write this, amazingly, the 10 year is now yielding 2.473 as it…