Early Update

10:38 a.m. ET First, I have some more data for you since the A.M. Update – Total industrial production was unchanged month-over-month in January (consensus +0.5%) following a downwardly revised 1.0% decline (from -0.7%) in December. The capacity utilization rate dipped to 78.3% (consensus 79.1%) from a downwardly revised 78.4% (from 78.8%) in December. The…