Loading ...Jobless claims were flat for the week 198K vs. est. 197K.
GDP came in at 2.6% vs. 2.7% est. – this was the third revision. I wonder why they don’t just wait until they have the complete numbers instead of issuing revisions.
Anyhoo, nothing market moving there. Rates are up 2 bips. USD lending support down almost 1/2%
Oil bouncing back. SM almost looks like it’s back on cruise control to the upside. Apparently, the SM is up in April the year before a presidential election year a high percentage of the time. Nothing would surprise me, especially if rates and the USD start to fall.