fed left the rates unchanged

2 yr rates drop slightly to catch up

further explained by the chief that market has moved ahead raising rates and not waiting for fed action

further the chief added that market shouldn't be looking for what do .. rather feel free to do whatever you like .. fed should only come in play when must ..!

personally I liked him as i noted in previous msg that Fed shouldn't forward guidance..!

Next stop: PCE tomorrow 

AI capex pressure are showing up in GOOG and TSLA earnings...

Although sellers like INTC and DELL become the beneficiary of the AI boom

PPI came -.3p like it's brethren ...

CPI came -0.4p - solid neg

attended the Grand opening of the West Las Vegas library...

why do we need NATO?

It's like chicken and egg story ..

We need NATO to protect us from Russia but what makes Putin upset is when we propose to add a new country to NATO ..!

Russia is supplying energy to so many countries in Europe ... so hats off to Spain for not increasing the defense budget ... and focusing on domestic economy ... If Trump's msg was to not start a new war .. why is he seling defense to Europe ... rather US should trim its own as well.

30Y treas auction rates above 5p

Last it happend was in Aug 2007 - about 20Y ago and a market peak which broght the real estate and financial crisis..!