TRA Macro Tracking Index

The market is quieter today after Thursday's sell off. Yields edged lower while the dollar inched higher. Consumer confidence remains low despite a very modest uptick after the federal government reopened. Going into the key shopping season, employment and inflation remain the order of the day, and unfortunately, the Fed just learned it won't get its preferred Core PCE data that measures inflation in time for its next meeting. Continue flying blind!

Have a great weekend!