No bombs away today. GDP came in at a respectable 2.5%. That's better than expectations by .4%. The equities saw some daylight after a week of rather aggressive liquidation. The metals and energies went the other way after deciding the rumors of Syria's demise may be a bit exaggerated.
Personal Income Forecast .1% Prior .3%
Chicago PMI Forecast 53.0 Prior 52.3
Mich. Sentiment Forecast 79.0 Prior 80.0
PI won't mean much today. The markets will be looking to the Chicago PMI and Mich Sentiment for some good news. The hawks may have to wait as talk of war takes a holiday in the US. Enjoy the last trading day of summer. We'll talk Tuesday.