Sign of Recession Janet yellen is ignoring?

Good Mornings Members

US Dollar: Up at 93.925. The US Dollar is up 70 ticks and trading at 93.925.
Financials: The Sept 30 year bond is down 8 ticks and trading at 165.27.
Indices: The June S&P 500 emini ES contract is up 23 ticks and trading at 2114.00.
Gold: The August gold contract is trading down at 1245.10. Gold is 23 ticks lower than its close.
Energies: July Crude is up at 49.82.
Markets at present not to be seems correlated.
when we don’t have a correlated market, it means something is wrong.
All of Asia traded higher. As of this writing all of Europe is trading higher.

Economics News Release -Need to be aware of
– Revised Nonfarm Productivity q/q is out at 10 AM EST. This is not major.

– Revised Unit Labor Costs q/q is out at 8:30 PM EST. This is not major.

– IBD/TIPP Economic Optimism is out at 10 AM EST. This is major.

– Consumer Credit m/m is out at 3 PM EST. This is major.

Directional Bias

The Dow gained 113 points and the other indices gained ground as well. Today we aren’t dealing with a correlated market however our bias is to the upside.