- Equities are still flying high; bonds are quiet after yesterday’s drubbing; the only reason why the Greek debt rollover being proposed isn’t considered a default is because it is “voluntary”
- The Richmond Fed manufacturing index did rebound in June to +3 from -6 but that still represented the second weakest reading since last September
- The Johnson Redbook survey is flashing +2.5% YoY sales growth through June 25th compared with a target of +3.8%
- The Conference Board version of consumer confidence surprised to the downside in June
- Supply shortage of long duration product? The share of Treasury debt outstanding that is 10 years and higher in maturity is less than 10% - half what it was a decade ago
- The Philly Fed leading index of the U.S. economy in May slipped to its lowest level since October of last year
Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich