The University of Michigan Consumer Sentiment Report came in at a miss of consensus, coming in at 71.8 -consensus 74 and last reading 74.3.
The second report, Leading Indicators came in at .8% with consensus at .3%.This index is based on information for May so the UM report is a bit more accurate as it reflects data for the first two weeks of June. Ultimately both reports are largely irrelevant .
Market volatility today will be driven by quadruple witching, so volatility should be high. Other then that, Greece will continue to be a major driving force in the market especially when it's devoid of any heavy economic reports.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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