- The market isn't just quiet this morning, it's been unusually docile for the last few sessions ahead of Janet Yellen's Humphrey-Hawkins testimony. A rate hike is in the cards. Will it come in June or later is one question that could get some light shown on it, and how aggressive will the Fed we with additional hikes should be another.
- Wage hikes at Wal-Mart and price hikes at Disney theme parks are two items that were not available to the Fed at their last policy meeting. One thinks Yellen might put a June hike back on the table after the FOMC minutes last week took it off.
- Europe's little-changed and the Nikkei posted a moderate gain overnight.
- The 10-year Treasury yield is up two basis points to 2.08%, and gold and oil near unchanged.
- ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, PSQ, IVV, SPXU, UPRO, TQQQ, SPXL, RSP, QID, SQQQ, DOG, QLD, DXD, RWL, EPS, UDOW, SDOW, DDM, BXUB, QQEW, QQQE, SPLX, BXUC, SFLA, QQXT, SPUU