Stocks are higher this morning on no real news. Bonds and MBS are up.
Slow news day
Initial Jobless Claims fell to 271k last week.
The Index of Leading Economic Indicators rose in October to 0.6% from an upward-revised -0.1% in September.
The Philly Fed Business Outlook rose to 1.9 from -4.5 in October.
The Bloomberg Consumer Comfort Index slipped to 41.2 from 41.6 last week.
France has shot and killed the mastermind of the Paris terrorist attacks. Now the debate turns to Syrian refugees, which has predictably lined up as a partisan issue.
The FOMC minutes were a nonevent as there was no new information and bonds barely moved. They sound like they are going to move in December, especially since some of the economic data has improved since then.
Atlanta Fed Chairman Dennis Lockhart endorsed raising rates yesterday, provided there is no deterioration in the economy.
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