WEEK ENDS STRONG AS CPI IS TAME!

If its been all about bonds this week (and it has been) then we cap the week off with CPI which came in at 0.1 core which was cooler than expectations and the market likes it, bonds liked it and MLPS will like it. The 10 year is at 5.19% and stock futures are strong so it looks like we will finish the week on a solid note.

No corporate developements this morning but last night Atlas Resource Partners(ATN) announced its distribution for the quarter and it is going ex-distribution early in this cycle....June 26th is the record date which means it goes ex-distribution next Friday June 22.

In upgrades and downgrades Legacy Partners (LGCY) gets a buy nod from the boys and girls at Oppenheimer this morning.

So unless we get breaking news lets wait for what should be a solid up open for the group.