We've been seeing improvement in the non-manufacturing side since late last year. We're seeing more activity in the travel sector and others that were hit really hard last year after the terror attacks. |
We've seen, over the past seven months or so, orders stabilize or improve slightly, compared to a big decline last year. Orders are rising relative to inventories, and that's a positive sign for capital spending. |
With the focus on the Federal Reserve, the PPI is probably more important to the market ... core prices improved only modestly and that's good news for the Fed. |
With the focus on the Federal Reserve, the PPI is probably more important to the market. |
Yields have risen to levels where buyers looking for yields are willing to take a risk and buy. |