U.S. Consumer If Financially Fragile

by Chuck Butler
Daily Pfennig

Good Day… And a Tub Thumpin’ Thursday to you! I’m really not in the mood to be Tub Thumpin’ right now, but who knows about later? Maybe I’ll make a comeback of sorts! Our Blues ended their season last night with a loss, and were bounced out of the Conference Championship, and the Stanley Cup… The Blues made a strong playoff run this year, that fell short. UGH! There’s always next year! Cat Stevens greets me this morning with his perfect song for the morning… Morning Has Broken…

Whew! There were no Fed speakers yesterday… I almost feel lost without them… NOT! And the dollar, without the Fed speakers spewing words about a rate hike couldn’t find any traction, and drifted throughout the day and in the overnight markets. A lot of the currencies look to be trading in the same clothes as yesterday, and then we have the Aussie and New Zealand dollars of the world booking gains in the face of not so good data…

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