Loading ...Wondering if we’ll get the usual treatment when some “event” takes place. Seems we get a one day or couple hour rally. Although the dollar is weakening just a hair going into the open. Apparently there was some dovish Fed talk yesterday. Logic says that now they’ve destroyed the economy and housing market they probably should get dovish and actually reverse course. Who can know their true intent though?
Oil has stabilized too around $85. I thought oil would get a lot more action out of this conflict, then again, these are the early days. We don’t know just yet how other countries will mobilize, and whether Israel will strike out against Syria, Iran, or even Lebanon.
PM shares are firm premarket, with GFI up 4.5%. They kept NEM underwater all day yesterday so things wouldn’t get out of hand.
PPI and CPI come out Wed. & Thurs. respectively. They will move the dollar and rates most likely, whichever way the rigged numbers come in.
Grab some popcorn, the show is about to begin.