Here is our best information on Fed according to our sources. The Fed is evenly split about September rate increase. At this time, even the Fed does not know what it is going to do. The trades by short-term professional traders show a 28% probability of rate increase in September, 8% probability of rate increase
Interestingly the bond market does not believe in this ADP employment number as interest rates have risen since the number was released; on a weak number interest rates should have fallen. Falling interest rates have also strengthened the dollar. The momo crowd aggressively bought gold and silver on the weak number but the rise in the
Los indices no se movieron significativamente en USA y los yields subieron debido a la oferta espera para mañana. Indexes did not change as investors, most of us are awaiting for tomorrows economic data. The dollar slumped against a basket of currencies and gold soared on U.S. retail sales data. Longer-dated Treasury yields rose ahead of
Over the weekend, People’s Bank of China cut banks’ reserve ratio requirement. This aggressive move reflects serious concern on the part of the Chinese government about the slowing economy. It is not news to investors that these days stocks often jump on intervention by central banks on worries about weak economy. Chinese action has stopped
KEY DATA: Here are some thoughts There were a lot of layoffs in oil and gas but these layoffs are slowing. There was significant impact of rising dollar, but lately, the strength in dollar has reversed. Bad weather contributed to the ugly number but the bad weather is behind us. The number is significantly below