Durable goods orders far exceeded expectations thanks to a pickup in aircraft orders while the ex-transport and core numbers were ok, but less optimistic. The Atlanta Fed GDP Now estimate remains at 2.0%.
Stocks saw somewhat of a rotation out of tech ahead of Nvidia earnings as the Dow rose while Nasdaq declined. Yields rose some with the 2Y back up to near3.94% and the 10Y at 3.82%. Geopolitical tensions remain a concern, but not enough to have seemed to change much in positioning today, even as oil continues to rise.
Home Price Index and Consumer Confidence, 2Y Auction on the day ahead.
XTOD: Trump and NY Governor Hochul Are Pivoting on Nuclear. Trump: "We will create tremendous electricity for our country, and that will allow AI to compete. And you're right. Whoever gets that, it's got to be a big advantage, you know, that's going to be sort of the oil of the future. And we have to be the main player." Hochul: Bloomberg reports the New York Governor is Eyeing Nuclear to Help the State Reach its Climate Goals
XTOD: What happens if/when the Houthi Strategy comes to the Caribbean and the world learns who the ELN is, and how essential the Panama Canal and Trinidad shipping corridors are to Western Hemisphere commerce and security?
XTOD: DOJ and 8 states sue RealPage for facilitating price fixing between large landlords around the country.
XTOD: "That's what separates great from average. It's what attention to detail do you have. Can you do the simple things better? Do you get bored with the simple things? You can't get bored with the simple things because they're what makes you different."
XTOD: A person who puts in continuous effort for ten years may achieve more in one week than someone who, having started six months ago, will achieve in an entire year. - The Joys of Compounding
XTOD: We're all making it up as we go.
https://x.com/matthew_sigel/status/1828149948421951774
https://x.com/maphumanintent/status/1828164098896601499
https://x.com/joshua_sisco/status/1826990887026794852
https://x.com/thewinningdiff1/status/1828016078221381889
https://x.com/joyofcompoundin/status/1827190288458055921
https://x.com/morganhousel/status/1827017564024877458
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