Yesterday’s surprise hike in the discount rate has US futures sharply lower, though the rest of the trading bourses seem hardly bothered by it.
Dollar is firmer, and Oil, Gold and Equities are pressured . . .
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via Bloomberg
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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February 19th, 2010 at 6:45 am
Relatively tiny reaction.
The Buck did nicely though.
February 19th, 2010 at 9:05 am
we are way off da lows… SP futures down 12 last night…
February 19th, 2010 at 11:18 am
the timing was a surprise – surprised me anyway
February 19th, 2010 at 6:44 pm
“Dollar is firmer, and Oil, Gold and Equities are pressured . . .”
And at the end of the day, how did that work out for you? They all reversed course by the close. Here’s the deal. You can fool most of the people some of the time but not some of the people most of the time. Which are you?