Unless I missed some other news, Wall Street is back to it's normal Willy Wonka state, good news is bad, bad news is good. The market gave up that initial gap in pretty quick order as the dollar gained against the Euro; making the strength we saw this week, rather the apparent accumulation we saw this week in the dollar a curious event to consider. As in, "Who knew what, when and why?".
Well, just as a day doesn't make trend, an open doesn't make a day. Let's see where the rest of the day is headed.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
1 comment:
EDZ seems to be off to a pretty good start this morning after a couple of rough days. Maybe this opening in the POMO schedule is the window we were looking for.
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