As I post this comment the Dow is down 61 or so. Gold is UP nearing $800 again and Oil is UP pennies.
The 2 Year Bond Yield is now 2.37% down from last week. The 10 Year Bonds are Yielding 3.83% a spread of 146 Basis Points.
Money is being put into Bonds and going out of the Dow and going into Gold and some Oil as well as into the Yen.
There is uncertainty out there.
Now to NAHB at 1:00 PM
This is the National Association Of House Builders and it is an important number.
The markets are expecting 16 the same as last month. That was an all time LOW !
How will the markets and the Dow react if it comes in at 15 as 4Cast has called ?
Probably DOWN a Bunch !
What if it goes back to 18 ? The Dow goes UP 100 at least and the US Dollar Index goes up and EUR/USD goes down.
These are things you should be aware of. Those charts will change in an eye blink period.
Stay Tuned and have FUN !!!
Bruce
The 2 Year Bond Yield is now 2.37% down from last week. The 10 Year Bonds are Yielding 3.83% a spread of 146 Basis Points.
Money is being put into Bonds and going out of the Dow and going into Gold and some Oil as well as into the Yen.
There is uncertainty out there.
Now to NAHB at 1:00 PM
This is the National Association Of House Builders and it is an important number.
The markets are expecting 16 the same as last month. That was an all time LOW !
How will the markets and the Dow react if it comes in at 15 as 4Cast has called ?
Probably DOWN a Bunch !
What if it goes back to 18 ? The Dow goes UP 100 at least and the US Dollar Index goes up and EUR/USD goes down.
These are things you should be aware of. Those charts will change in an eye blink period.
Stay Tuned and have FUN !!!
Bruce
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