Stock market action overall was weak but oil, bonds, gold, and dollar were mostly higher.
Perhaps bulls are already set for the month end, are just reaching a temporary exhaustion point or there’s something else afoot.
Currently there isn’t a spark seen to boost markets. That can change quickly naturally. Perhaps Wednesday’s Durable Goods Report will provide movement in either direction.
Economic data Tuesday was mixed. New Home Sales soared to 539K vs 462K expected & prior 500K with the an incredible 153% spike in the frozen northeast; FHFA Home Price Index slumped to 0.3% vs 0.5% expected & prior 0.7%; PMI Mfg Index FLASH was higher at 55.3 vs 54.7 expected & prior 54.4; CPI showed an inflation pick-up to