Consumer spending rose 0.4% in Jul, the best showing since Mar, after little change for the prior month, according to the Commerce Dept. Incomes were up 0.2%, less than projected, & the savings rate dropped. Estimates were for a 0.3% increase in spending after a previously reported unchanged result for Jun & incomes would also rise 0.3%.
Consumer Spending in U.S. Rises More Than Forecast, Incomes Lag
Consumer incomes - 1 year
Low Treasury yields are hurting the markets & this condition may not change soon.
The week ahead of Labor Day is typically very quiet for the markets.. Below are a couple of graphs for the last year which show that Aug has been one tough month as interest rates have plunged to new or near new records. I'll be off for most of the day, my friend wants me to help move some of her furniture.
Alerian MLP Index --- 1 year
10-Year Treasury Yld Index - 1 year
Dow Jones Industrials --- 1 year