Morning in Arizona

Morning in Arizona
Rainbows over Canyonlands - Dave Stoker

The Headline Animator

Monday, October 16, 2006


The bond market continued in its narrow trading range, today floating northward, as the DJIA and the S&P 500 drift higher, also. The treasury auctions concluded as expected while members of the Federal Reserve Board spoke without saying anything.

More of the same is expected for tomorrow in the marketplace.

Nonetheless, Tuesday is a big day for economic data including; ICSC-UBS Store Sales; Producer Price Index; Redbook; Industrial Production; and NAHB-WF Housing Market Index.

Domestically, another search warrant was issued and another home was search, this time for a congressman’s daughter, and another former government official pleaded guilty in criminal court for being naughty. I can’t keep count anymore of the growing units of corruption in Washington.

Internationally, much of the world is still in turmoil.

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