I suppose you could just suggest not much happened the morning after the large eurozone is "fixed" rally. But, there is some sober second thoughts especially including the idea it will take months to implement "the plan" even as we don't know the details. The positive is markets held gains despite being significantly short-term overbought.
We like our friend "Chucky the Consumer You Can't Kill" since there was much news today about the rascal's condition. But, it's Halloween Monday and there was a lot of consumer data Friday. Most of this was centered on Personal Income and Spending data (Income, .1% vs .3. expected; Spending .6% vs .3% expected). This leaves a hole in Chucky's balance sheet making it harder to even max out his credit cards. Savings took a hit naturally. What the heck, he's just doing what governments around the world are doing, right?
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