The Day Ahead: Consumer Spending, Consumer Sentiment
Consumer Spending slowed sharply to a 0.1 percent rise in July but followed a strong 0.6 percent boost the month before. July posted lower than market expectations for a 0.3 percent increase.The consumer's assessment of economic conditions picked up the last two weeks of August, helping to lift the Consumer Sentiment index from 80.0 at mid-month to 82.1.
Dow is trading at 14,792 -48 the 10 yr bond is at 2.76 from 2.79 Yesterday, . Currently point structure islowerfrom Yesterday
Conv. - 4.5%
FHA. - 4.25%
Have a great Labor Day weekend!
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