In Today’s Breakfast with Dave

• While you were sleeping: mixed equity market action overnight; bonds are generally bid, except for Europe where fiscal concerns are still on the front burner

• Two-year note and the S&P 500 cannot both be right

• Housing still in a deep funk: the 7.6% bounce in existing home sales in August can only be described as noise around a fundamental downtrend

• Follow the leader?

• Gold going higher still: it may be overbought on a near-term technical basis, but gold is likely to remain in a secular uptrend for quite a while longer

…..read it all HERE