Macro stayed in range all session. Seventh of eight asset classes today. Liquidity & financial conditions moved at 0.7× its usual pace, fiscal position at 0.0×, inflation at 0.0×, housing at 0.0×, and household credit & cash flow at 0.0×. The other two sat lower.
Quiet (0.7×)
The dollar moved from +0.4% to +0.2%. Net liquidity moved from $5.80tn to $5.75tn.
Quiet (0.0×)
Debt-to-GDP held at 121% at the latest reading. That is its lowest level in about six months.
Quiet (0.0×)
Headline CPI held at 336 at the latest reading. That is its highest level in about six months.
Quiet (0.0×)
Housing starts held at 1.2m at the latest reading.
Quiet (0.0×)
Debt service ratio held at 11.11 at the latest reading. That is its lowest level in about six months.
Descriptive research, not investment advice