Friday, July 24, 2020

PMI: manu: 51.3; svc: 49.6; comp: 50

it is becoming normal. housing: 4.7Months supply; 13.8% growth in sales, 776K annual; all at high levels teenies at 0.58; goiing down since last FOMC when they were at 0.95
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treasury plans to buy long term US debt to replace it by short-term debt

10y rates dropped by a point .. and stocks rise ... aka market manipulation and perfectly legal as done by US govt.