I spent the bulk of last week in the Uinta mountains with a group of boy scouts. The photo you see here was all 45 minutes of the sunshine that I experienced during the week. So I am afraid that today’s weather followed me back home; sorry about that. There is no news out today and no government Bond auctions happening either. For the most part, interest rates will be at the mercy of Stocks, particularly the band-wagoners who see the current reversal off of all-time-highs as the beginning of a coming 20% correction.
