Let’s first go Global. Oct CPI Consumer Price Index out of the Eurozone has an inflation figure two tenths less than forecasted and down from 4.3%. 11% drop in Energy prices.

Some GDP Gross Domestic Product out of Europe were negative showing countries like Germany and France heading for a recession. But this is helping Bonds.

Other side of the pond, the Treasury refunding figure was announced and we only needed $776B vs the $852B expected. Good news for the Bond market as well.

Other good news we received was the Case Shiller Home Price Index for appreciation showing home prices rose 0.9% in August. Now up 2.6% from last year.

The FHFA House Price Index, which is the Federal agency for conforming loans and excludes jumbo and cash buyers, shows prices rose 0.6% in August up 5.6% Y/Y.

It might be scary out there, but a lot of good news so far this week.