Edited by ogm, 15 August 2013 - 07:24 AM.
Both bonds and stocks are selling this morning. Interesting.
Started by
ogm
, Aug 15 2013 07:21 AM
1 reply to this topic
#1
ogm
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Posted 15 August 2013 - 07:21 AM
Yield spike looks to continue as the economy is showing no signs of "second half recovery"
So what is it exactly the markets are forecasting here ? Liquidity crunch ? Stagflation, thanks to all the central banks ?
Either way this doesn't look like healthy market action.
A whole bunch of economic data at 8:30. Jobless Claims, CPI, Empire state index. Will be interesting to see how the day closes.
#2
ogm
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Posted 15 August 2013 - 07:35 AM
Jobless claims drop to 320k. ( No one left to lay off for cost cutting purposes )
10 year yields spiking past 2.8% ... Ouch.
Stocks don't like this combination as SPX futures drop 6 points after the data for total down 15.
Going to be an interesting day.
