The market is in a holding pattern as we await the first quarter Senior Loan Officers’ Survey. There was noticeable tightening in the 4Q22 updated release in January.  It’s expected to be more pronounced today at 2PM.

Meanwhile, the New York Fed has released the April Consumer Expectations report that sees household spending growth expectations back to levels last seen September 2021.

We should get a jolt at 2PM, so hang tough. Also, remember there is big time economic data out this week that will move the market.