2018 Economic Calendar
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Market Reflections  

July 3, 2018
The book on the May factory sector is closed and the results are positive, a 0.4 percent gain overall that includes a good showing for capital goods and a nice build in total backlogs where steel and aluminum orders, reflecting the impact of import tariffs, are piling up. Stocks moved lower in a shortened session ahead of tomorrow's Fourth of July holiday with the Dow down 0.5 percent to 24,174. Money moved into safety of Treasuries, pulling down the 10-year yield by 4 basis points to 2.83 percent.

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