As I struggle to stay awake after a big Thanksgiving meal, here are a few thoughts in the caption area of these charts.

For those interested in alternative business cycle indicators, here are latest GDO, coincident index, vehicle miles traveled, and freight services, among others.

Stocks were surprisingly higher, even though it was a Treasury settlement day, and we saw overnight funding rates rise, notable usage of the Standing Repo Facility increased, and a drop in Bitcoin.