Today was a pretty meh day in the markets, most of the news came on the Supreme Court side, having nothing to do with equity or bond markets. Like I said, today was pretty subdued with most portions of the equity market trading in a pretty small range, save for Small Caps early attempts at escaping higher.
Fixed income was fairly muted today, with no major moves today. Corporate and High Yield securities continue to rebound.
On the earnings side, Kroger smashed earnings and is looking strong, while higher than high expectations for Smith & Wesson weren’t did not materialize.
Tomorrow we see nothing too exciting economically, and the major earnings release is from CarMax. Next week, though, begins a treasure trove of earnings that could bring excitement to the markets.
Tomorrow I am taking my son camping for father’s day, so I’ll write again Sunday night; cheers till then.
Nathan