On the SPOT blog (04/17/2023) [U..]
This morning (PST) all three major US indices appear to be in the mildb red perhaps because there might be some profit-taking from last week and perhaps because of news and discussions that might be increasing probability of Feds needing to continue raising interest rates to tame inflation. There was news about manufacturing growth in NY area that was more than expected. There were comments from notable experts that inflation might remain sticky between 4-5%. Treasury yields climbed. I don't think there is much to conclude from it yet as earnings season has just started and FOMC meeting is not in this month.
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