Vibes into the Bell
From our family to yours--may peace be with you!
Sun went down in honey.
Moon came up in wine.
Stars were spinnin' dizzy,
Lord, the band kept us so busy
We forgot about the time.
I wanted to sneak a quick little ditty in before the close as we're jugglin' hugs in the city of critters. Today's equity action was pretty unremarkable as Hoofy and Boo tugged and shrugged for the better part of the session. I could enter a dialogue about the relative traction in the subsectors but, outside of the energy jig, the movements have been granular. The bigger story is in the broader asset class shuffle as the currencies, fixed income and metal markets have been lobbin' around liquidity.
We'll get a bevy of Beeks tomorrow morning with the release of the "new and improved" PPI (exp. .6%, ex-food/energy .2%), initial jobless claims (exp. 340k), leading indicators (exp. .4%) and the Philly Fed (exp. 25.5). There will also be a slew of earnings (no big shots), the semiconductor book-to-bill, more Fed Heads, a smattering of conferences and the OPEC monthly oil report. It sounds like a lot but in the relative scheme of things, it's par for the course. The more influential element, in my opinion, will be the pre-expiration posturing.
I've got to tend to business outside of the 'Ville for the better part of tomorrow but plan, as of now, to pen my regular morning missive. Nobody hates missin' the ticks more than I do but there are times that you gotta prioritize and now is one of 'em. I'll try and bang out a morning randoms before turning the Buzz over to my fellow professors for the daily dance.
I'm gonna keep this column short and sweet as I can already hear thy bell tolling in the distance. If you haven't had a chance to explore the Minyans in the Mountains event, you might wanna give it a walk through tonight. We have a dedicated Minyanville travel counselor who can help you with the details and we'll take care of the rest once you arrive. Take me at my word--this is gonna be one special event!
Have a peaceful night.
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