February 10, 2017
Consumer sentiment is moving off post-election highs but still remains strong. Import prices also show strength but less so outside oil. Still, easy comparisons with 2016 energy prices are giving a major boost to the year-on-year rate which is suddenly near 4.0 percent at 3.7 percent.
Stocks posted strong gains in the session with the Dow ending at a new record, at 20,269 for a 0.5 percent gain. The S&P and Nasdaq also posted new records. It's also been a solid time for the bond market where rising demand sent the 10-year Treasury down 6 basis points in the week to 2.41 percent.