HAPPY MONDAY
It was an uneventful end to an uneventful week on Friday. The largest movement was Wednesday prior to Pending Home Sales Report and remarks from President Obama. This morning, treasuries are little changed from Friday’s levels before an industry report will show pending sales of previously owned U.S. homes declined in June. Economists also project the GDP report, due out later this week, will show growth slowed last quarter. There is a lot of economic news this week, which could increase volatility this week. So, buckle up it could be a wild ride…
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