TRA Macro Tracking Index

Yields and the dollar were mostly flat or nominally up today. Looks like the cease fire applies to land based targets, since both Iran and the U.S. are interceding ships. All else being equal, consumer sentiment remains very weak, consumer spending and the labor market are roughly okay, and inflation remains hot while GDP growth is tracking below targets.

Stay tuned for more data this week. More data drops next week that could give us a better sense of where the economy is.