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Market Reflections  

Highlights
March 16, 2018
The day's economic news is mixed. Industrial production, which has been soft, bounced sharply higher but housing starts and permits, which have been solid, slowed sharply. One detail of the day's news not to miss is an outsized 2 tenths rise in consumer inflation expectations which, at a year-ahead 2.9 percent, are the highest in 4 years.

The Dow, at 24,946, ended Friday with a 0.2 percent gain for what is still however a weekly loss of 1.5 percent. Gold fell 0.7 percent on the week to $1,313 in contrast to rising demand for the safety of the Treasury's 10-year note where the yield fell a weekly 5 basis points to 2.85 percent. Oil and the dollar were little changed in the week.