Bulls seem game to try to build on yesterday’s late-session run-up by US stocks. The market’s become a bit frothy lately, but there isn’t much standing in their way today.
A couple bits of economic data we’ll see before the bell (final look at 4Q GDP, weekly jobless claims, both at 8:30am), but investors have become so accustomed to the ugliness now, any bad news has to be stunningly awful to leave a mark.
Kansas City Fed March manufacturing index at 11:00am ET. This afternoon we’ll be peppered by remarks from Fed presidents Lacker, Stern and Fisher. Treasury set to auction $24B in 7-yr notes, let’s hope it goes better than yesterday’s 5-yr sale. S&P futures up 6.60; 10-yr still under pressure, yield at 2.82%.