The Q4 GDP second print moved it back to the initial 3% so it doesn't seem like it's made a big impact on the market. The 9:45 Chicago PMI may move the market more.
Wednesday, February 29, 2012
LTRO Volatility
As suspected, the LTRO completed and announced early this a.m. has caused an initial knee jerk reaction and then moved in to a lateral zone of volatility.
The Q4 GDP second print moved it back to the initial 3% so it doesn't seem like it's made a big impact on the market. The 9:45 Chicago PMI may move the market more.
The Q4 GDP second print moved it back to the initial 3% so it doesn't seem like it's made a big impact on the market. The 9:45 Chicago PMI may move the market more.
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