BOA says we're "Floating Out of the Dreamhouse"
Zen Moment: Dogs and Kids
Today:
Market Rundown
BOA in Barbie Land
Data
Good morning.
1- Market Rundown
The dollar is up 5. Bonds are mixed with short-dated yields slightly softer and long dated slightly higher. Stocks are mixed and mellow The S&P is unchanged. The Nasdaq is up 44, and the Dow is down tiny.
Gold is up $5. Silver is up 29c. Oil is down 25c. Nat Gas is unchanged and Crypto is mixed. Grains resume their downdraft taking Soy with them. Wheat is down 1.6%. Corn is down 2.1% and Soy is down 1.2%.
Trading Comment: Assume everything is either books being squared up, or violent reaction to surprise news that forces the hand of someone sitting on a fence.
2- "Barbie Land”
Full analysis at bottom
There has been a hot debate about a “soft”or “hard”landing in the past year. However, other than some uber bears like Larry Summers, the real distinction is between a soft landing and an essentially perfect landing.