I hope everyone is enjoying their long weekend. Last week was quite illustrative to what to expect ahead as the PMIs performed as I expected, and the market had to deal with both the downgrade news and a new tariff escalation.
In terms of data this week, it’s another light week. On Tuesday, we get Durable Goods, Case Schiller and Conference Board consumer confidence and inflation expectations as well as a 2yr auction. On Wednesday, we get the usual MBS apps & Redbook updates but also regional indices, and a 5yr action. Thursday has 2nd estimate of Q1 GDP, and Friday has PCE, income/spending and UMICH.