The manufacturing numbers were OK. Construction spending down. We may or may not have a recession.
Having a hard time reconciling the dollar and rates lately. Rates reversed higher today but nothing crazy, now the dollar is strong. Course, when we look at all the other garbage fiat, it didn’t make sense that it should fall too much anyway.
Strength in the SM kind of puzzles me too. The jobs report will be bad tomorrow because of government layoffs.
I think they are front running the Fed to be honest. But we’ll find out.
