Daily Market Commentary

January 16, 2018

Bonds
Net 11% of investors expect Treasury curve to flatten this year, the highest level since December 2015, Bank of America Corp. strategists led by Michael Hartnett write in Jan. 16 global fund manager survey report.

Economy
U.S. inflation is showing signs that it might begin to stage a comeback in 2018 with the lowest unemployment rate in 17 years, oil's return above $70 a barrel, a softening dollar and still-easy monetary policy.

Global
U.K. inflation eased for the first time in six months in December, which may be the start of a slowdown that will ease pressure on consumers who spent 2017 being squeezed by rising prices.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.

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