2017 Economic Calendar
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Market Reflections  

January 31, 2017
Inflation isn't showing much signs of life based on today's data. Employments costs are rising but only at a slow rate as are home prices in Case Shiller data. Other news includes consumer confidence where post-election strength is holding but has yet to translate into much economic punch.

Trump tweets that Japan and China are playing "the devaluation market" made for gains in the yen and tripped dollar selling as the dollar index fell a sizable 0.8 percent and back under 100 at 99.58. The Dow fell for the second session in a row, down 0.5 percent and further under 20,000 at 19,864. Demand for Treasuries rose with the 10-year yield down 4 basis points to 2.45 percent as did demand for gold, up $20 and back over $1,200 at 1,215.

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