This Morning’s Log Entry

2/14/19
Dow and S&P futures this morning went from nicely positive to flat on higher than expected weekly jobless claims and lower than expected m/m PPI, then completely rolled over on hugely worse than expected December retail sales.

The Dow contract went from up 90 to down 130 (as I type). 


Ironically, as it relates to what’s been driving the equity market these days, this — regardless of the immediate negative reaction — is unambiguously good news: It confirms that the Fed was justified in its about face (no rate increases for the foreseeable future), and sends a strong signal to Washington that, yes, even the U.S. economy is in no way immune to the immense uncertainty that comes with the threat of a protracted global trade war (i.e., more incentive to come to a deal with China).

Share:

Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat