March 1, 2023
Good morning,
Not much to say this morning, markets seem to be on pause. The S&P 500 Index closed last night precisely where it ended last week. The same goes for bond yields. Futures are up a whopping .25% pre-market this morning and most of that can be attributed to surprisingly good economic data out of China suggesting that their post-Covid recovery is gaining momentum. Asia markets across the board were up ~4% today but those Sino risk-on spirits haven’t gotten to our shores (yet?). See you Friday.
Be well,
Mike