and….Bears win
October 14, 2025
******************
–Yesterday’s highlight was the Monday Night Football fabulous rendition of the National Anthem by Generald Wilson!
The National Anthem will be performed by retired Navy Petty Officer First Class Generald Wilson, a premier National anthem soloist known for his powerful renditions at major sporting events across the country—including previous Commanders games.
–Market action was confined to a quiet back and fill, with implied vol in rates marked significantly lower after Friday’s pop. TYZ5 113^ settled 1’41 Friday vs 113-04+, but down at 1’34 yesterday vs 113-050. Precious metals remain on fire with GCZ5 4133.0 and SIZ5 50.43 (yesterday settles; higher this morning).
–Today Powell speaks on the Economic Outlook at 12:20, though renewed tensions in China/US trade relations may overshadow Powell’s summary. Bowman (morning) and Waller (afternoon) also speaking on discussion panels. Stock futures starting off on the back foot with ESZ 6638.0, down around 56
–NFIB small business optimism just released at 98.8 from 100.8. (Still above long term average). This survey was from September, prior to the shutdown. “Supply chain and inflation issues stood out as a key problem in the report.”
