| Last | Change | Percent | |
| S&P Futures | 1412.7 | -2.5 | -0.18% |
| Eurostoxx Index | 2468.5 | -3.1 | -0.12% |
| Oil (WTI) | 95.73 | -0.3 | -0.29% |
| LIBOR | 0.434 | -0.001 | -0.23% |
| US Dollar Index (DXY) | 82.64 | 0.040 | 0.05% |
| 10 Year Govt Bond Yield | 1.82% | 0.01% | |
| RPX Composite Real Estate Index | 191.8 | 0.4 |
Markets are weaker this morning on no real news. The next two weeks should be pretty quiet as August winds down. There are no real market-moving economic releases this week, except possibly the FOMC minutes, which will be released Wednesday afternoon. Bonds and MBS are flat.
The Chicago Fed National Activity index improved slightly in July to -.13, but is still below zero, meaning the economy is growing below trend. June was revised downward. The plus is that the index is still above -.7, the level that starts indicating a recession.
Has Mario Draghi picked up Hank Paulson's bazooka? The Bundesbank and the ECB are reacting to a Der Spiegel story which says the ECB is looking to "cap" sovereign interest rates. Which means they have to be willing to buy any and all government bonds at a set price. The ECB has characterized the article as "misleading." Paging Mr. Soros...
The latest in the San Bernardino Eminent Domain saga.
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