Back to the 50 DMA as the Feds jawbone the DOW backup. As suspected the so called correction was more a bull deception..
Never the less, X - GDP which is a backwards looking number and was probably affected by the sequester, all other indicators are looking strong.
Durable goods orders - May 3.6% vs, previous 3.6%
Case-Shiller home prices - April 12.1% yoy vs. 10.9% yoy ( off the map)
FHFA home prices - April 7.4%vs. 7.2%
Consumer confidence index - June 81.4 vs. 74.3 (off the map)
New home sales - May 476,000 vs. 454,000
Weekly jobless claims - 6/22 -346,000 vs. 355,000
Personal income - May 0.5% vs. 0.1%
Consumer spending - May 0.3% vs. -0.3%
Pending home sales - May 6.7% vs. -0.4%
FRIDAY, JULY 5 looms big, as Nonfarm payrolls and the Unemployment rate for June are expected..
Most Bonds traders feel that a corner has been turned.