May 17, 2018
Greater strength is the call for May's employment report based on notable declines in unemployment claims where nearly all readings are at roughly 50 year lows. And greater strength may be in store for the factory sector following today's Philly Fed report which, led by new orders and enormous traction in selling prices, is one of the best of the last 50 years.
Markets held in narrow ranges with the 10-year Treasury yield edging 1 basis point higher to 3.11 percent while the dollar index rose 0.2 percent to 93.48. The Dow fell 0.2 percent to 24,713.