Not exactly. Benjamin Franklin was likely one of the first to talk about daylight saving time in the 1780s, presumably to save money on candles.

Spring is in the air, and I am ready to get on a new train. We are seeing some rate improvement and the buying season is just around the corner.

The yield curve continues to invert. This means the short term 2-year bond is outperforming the 10-year. Usually a longer play demands higher yield. This is a continued indication of a recession.

ADP released their February jobs report which was well over the predicted 200k at 242k job creations. Leisure and Hospitality again lead the way. Remember we had huge job losses during Covid. Those jobs are being added back at a rate of 100k each month. We are nearing the end of those additions.

Its Wednesday, half way through the week and I’m back on the road.