Friends   Economic data is changing the narrative once again. Just this week we have seen weakness in the ISM Manufacturing report, the JOLTS number (job openings) and today’s ADP private payroll release. All this is leading to lower bond yields and the thinking that...

Friends   Stocks, well at least the Dow, continue to struggle some despite last Friday's late surge. Between trading glitches and concerns that the economy is definitely showing signs of slowing down the bulls really didn’t have much in their favor today. Bond yields...