Flash Manufacturing PMI missed, Oil Inventories contracted, while Gasoline Inventories grew.
1) All four major equity indices closed down small on very light trading volume.
2) Construction Materials, and Mining stocks were slapped around the hardest, while Info Tech, and Utilities hung in there OK.
3) Treasuries inched back a touch, while Gold moved ahead, and Crude was punished.
4) This morning, Super Mario threatened to beef up the ECB’s Quantitative Easing program should the EMU’s inflation outlook weaken further. The Spider said, today…for the third day in a row,,,that he thought there would still likely be an increase in the Fed Funds Rate in 2015. Tomorrow…the Empress. Oh my.