With Ben Bernanke doing a carbon copy performance before the Senate Financial Services Committeee today, the bulls won't necessarily be doing a command performance. Stock futures are drifting lower this morning.
Jobless claims stronger than expected again at 357k, 314k was expected. But Empire Manufacturing - 24.4 vs 10.6. Industrial production fell .5% for the lowest reading since September 2005.
The really important report of note today, is the TIC Report... doesn't look good.
March Yen futures are up over 50 points following the stronger than expected Japanese GDP at 1/2%; March EuroFx is up 45 points in response to those TIC outflows.
The 10 year treasury is up 12/32nds, yield at 4.694%, unfazed by a report in the Journal that China is considering reducing its U.S. bond purchases (Click China Here to read more).
Apple is planning to introduce 15.4-inch MacBooks in the second quarter, so says Digitimes.
Gold holding at just above $672... crude also little changed. Nat gas holding ahead of EIA.