No real surprises on the data releases yesterday. The U.S. inflation numbers were much as expected but all the DEBT futures markets rallied as it seems the shorts in the markets are nervous about new uncertainties in the Middle East. One would think that the equities would have been sold and the DOLLAR bought for safe-haven purposes, but this was not to be the case. The DOLLAR safe-haven status is breaking down on a correlative basis, throwing all the “talking heads” into a confused state. As I continually warn the readers of NOTES, markets are dynamic in data usage and always in flux and for those who stay static in thought, I merely offer a shoulder on which to cry. What is bothering the markets?
Posts Tagged ‘bid’
Notes From Underground: I will “Badger” Andy Stern on the issue of Undefunded pensions
February 18, 2011Notes From Underground: Friday’s Jobs report sent the market into a JOB-like state
June 6, 2010The unemployment report in the U.S. was much weaker than the White House pre-supposed. Yes, the Census created 400,000-plus jobs, but somebody forgot to tell the president that while 400,000 jobs is a nice headline number, the market was looking for more growth from the private sector. Prior to the jobs number, the Canadian data was released and that was stronger than anticipated but the unwind of risk couldn’t help the LOONIE.