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new data means an interesting night in the US

  1. eddievanhalen

    1,200 Posts.

    Retail sales data just released is much worse than expected and PPI also fell.........meaning economy on the skids again and inflation tame. Now index futures have fallen immediately and bonds rallied...........so what for the market.

    This is an interesting scenario that sometimes plays out in a paradoxical fashion..........no doubt stocks will open lower. But what has happened previously is the market wakes up during the day and realises the above data means interest rates ain't going up to any extent and the stocks turn around.

    This isn't a prediction..........just an interesting scenario that has played out before.

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