June 15, 2017
Manufacturing is the latest sector to report bad news as related output in the industrial production report contracted in May showing broad weakness in the details. And in another report consistent with softness in demand, import and export prices also fell underscoring yesterday's lack of pressure in consumer prices.
Stocks were mostly lower including the Dow which posted a fractional loss to 21,359. Oil continues to slip, down slightly and now under $44.50 with gold down $20 to $1,255. Treasury yields were little changed though the dollar index, reflecting a give back for the euro, rose 0.6 percent to 97.50.