The US stock market couldn’t hold on to its snap-back rally in early trading on Tuesday, but Treasury yields posted a sharp U-turn yesterday (Aug. 25). For a day, at least, the notion that the appetite for safety was limitless was turned on its head as the crowd sold bonds.
Continue reading →

● US Services PMI posts solid growth for August
● New home sales in US increase to 7-month high in July
● US consumer confidence rises sharply in August
● S&P Case-Shiller: US home prices still rising at moderate annual pace through June
● Redbook: US chain-store sales rise in first 3 weeks of August