All the babblers doing the high fives on the moderate jobs number this AM seem to have forgotten inflation. The S&P futures popped 8-9 points up. Hmmm. From my bunker, the big problem is a possible re-acceleration of inflation. Last month's CPI number set off the correction in my view, as it possibly flagged a true inflection point: a change in trend from decreasing inflation to increasing inflation. So I'm going to sit & wait.
PS: I remembered the productivity number stunk, too. So that's not going to reduce inflation pressures.
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5 comments:
seems pretty crazy but the q's and FXY seem almost 100% corelated
What's FXY - Yen?
ya new etf. i see some buyers there, lets see if we rinse
FXY day lo's
putting some longs on lol
that was fun. put em on, they all went green, thought, that cant be right, sold all. made 300 bucks. this is one boring tape
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