It's a beautiful new day and yesterday's downside reversal in mixed volume is taking us to where futures traders see stock indexes off another -0.12% --even while metals are seen jumping +0.74$. Something going on, gold's finally back above the $1,300 level (now at $1,304.75) and silver's a patriotic $17.76! We get another econ report flood today:
8:30 AM CPI
8:30 AM Core CPI
8:30 AM Initial Claims
8:30 AM Continuing Claims
8:30 AM Philadelphia Fed
8:30 AM Current Account Balance
10:00 AM NAHB Housing Market Index
10:30 AM Natural Gas Inventories
Headlines:
Residents Of Blue States Seek Escape From Tax Man - Steven Malanga, CJ
New Evidence Trump Didn't Pay Taxes - David Cay Johnston, Daily Beast
Sugar Subsidies Destroying U.S. Manufacturing Jobs - John Downs, RCM
Why a Universal Basic Income Is Foolish Idea - Oren Cass, National Review
High-Frequency Trading Has Aided U.S. Investors - Bill Harts, USA Today
What Could Pull Markets Out of Doldrums - Matthew Lynn, MarketWatch
Fed Projects a Slow Path to Rate Hikes - Brian Wesbury & Robert Stein, FTA
Is Janet Yellen Turning Hawkish? - Anthony Mirhaydari, The Fiscal Times
Why the Federal Reserve Chickened Out Once Again - John Crudele, NYP