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Stocks could not manage a broad, positive close yesterday as investors could not get the Fed fear out of their bones. Construction on new homes declined by nearly -15% in March and permits, a leading indicator, also dipped.

Stocks had another rough session yesterday declining under the weight of higher bond yields. Retail Sales came in hot adding to the angst of yield-scared investors.

Stocks got pounded on Friday as tensions in the Middle East threatened to boil over. According to University of Michigan, sentiment dropped in April, brought down by respondents’ view of current economic conditions.

Stocks closed in the green after spending the morning under water as Producer Price Index figures offered some positive news on the inflation front. Central bankers cannot ignore the recent spate of strong inflation and economic numbers, but they know the path forward requires… looking forward.

Stocks were trounced yesterday as traders unloaded stocks in response to a hotter-than-expected inflation figure. Fed minutes suggest that all members are in agreement that rates needed to be cut this year – just how much and when is still a big mystery.

Stocks danced around in yesterday’s session, ultimately closing slightly positive amidst no real news. Today will indeed bring some real news to feed hungry markets.

Stocks had a mixed close in a low-volume session on little or no news other than Fedspeak. Traders sidelined themselves in the afternoon to see the solar spectacle… with special eclipse spectacles becoming a hot commodity in and of themselves in NYC.