Today it’s all about confidence, Consumer Confidence. Economists predict confidence fell last month according to a survey. The Case Shiller index of home prices rose 12.4 percent in July from a year earlier. The market for U.S. government debt has yet to react to any potential issues over raising the debt ceiling. That could change today if the government cannot come to an agreement. If the House and Congress don’t agree on something by September 30th the government could shut some of its operations. We will end the day with a 2-year Treasury auction.
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