On Tap this week (june 8-12)

Dow start = 8763

Thursday = Retail Sales at 8:30am; Initial Jobless Claims at 8:30am; Business Inventories at 10am

Friday = Consumer Sentiment at 9:55am

Other = Treasury auctions Monday, Tues, Wed, and Thurs (ranging from 3 month bills to 30 year bonds). $65 billion more in the 10 and 30 years treasuries will be issued this week. These treasuries have taken quite a hit lately with their rates raising - which is relevant considering how this pushes up the rates in home mortgages/refinancing. The focus on t-rates given greater risk appetite, concern about the US dollar stability and the fed's future rate increases makes Treasuries unusually exciting right now.