Loading ...Jobless claims, PCE’s, Employment cost index.
Jobless claims were better than expected – no surprise, PCE’s showed numbers mostly in line, but inflation slightly hotter than expected, Employment Cost Index showed inflation lower than expected.
I’d think that would be dollar bullish and bond bearish, but that’s not the case at the moment as the dollar is down and rates flat. Although it looks like they’re starting to tick up. PM’s of course are down, because why would they go up with the dollar down? Simple answer is that the SM is still weak.
I don’t have a good feeling about today. Hope it’s just me.