Excess egg supply

President Trump said he is ready to go with tariffs on $500 billion in Chinese imports in an effort to drive an agreement. Tariffs on just $34 billion in Chinese goods have been implemented thus far, with $16 billion coming soon and an additional $200 billion...

Since 1978

After the tightest trading range since 1978, the 10-year Treasury yield has moved up more than 10 bps (0.10%) during the last two trading sessions, now standing at 2.94%. One of the biggest driver of the move in yields was whispers regarding changes to the Bank of...

Busiest week of earnings season

It is the busiest week of earnings season. The Dow has a three-day losing streak, but the S&P 500 is coming off its first gain in three days and the Nasdaq saw its first gain in four sessions yesterday. (CNBC) Consensus estimates are calling for a 21%...

Business confidence remains strong

Business confidence remains strong based on the latest survey data from the National Federation of Independent Business. The percentage of small business owners indicating it is a good time to expand dipped slightly from May to June but remains above the peaks of the...

Homebuilding fell

Industrial production in June rose 0.6%, reversing a 0.5% decline in May. Manufacturing output climbed 0.8%, the most in four months and capacity utilization continued to rise. The rebound in industrial production is a signal of economic growth and could help lift the...