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Treasury yields are; 2-year 0.75%, 5-year 1.14%, 10-year
1.55%, 30-year 2.24%. The 2-10 spread is 80 bips and the 5-30 spread is 110
bips reflecting flattening yield curves.
[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology] two key tech companies are reporting
earnings. HPQ drops -5% on weak guidance. WDAY launches +9% recovering from its
drubbing over the last few days.
Retail is in focus after the bell starting with
supplier PVH that catapults +10% on earnings. TLYS +9%. WSM -0.2%. GES rallies
+15%. The retail sector will be joyous tomorrow.