UPDATE 9:35
- Gold is now lower at $1191.50
- USD deciding to rally
- Bonds are lower
These correlations are consistent with the last 2 days and have been dubbed with the Risk on/ Risk-Off soundbites
- Trump Presser: Gold up, Dollar down, Bonds up= RISK OFF!!! they said (stocks mixed)
- Fed Balance Sheet talk: Gold down, Dollar up, Bonds down- RISK ON? (stocks down)
- PPI Up/ Retail Down: Gold down, USD up, Bonds down= RISK ON (stocks up so far)
interactvie chart here
Retail Sales Disappoint- PPI Does Not.
- Dollar Spikes, then backs off
- December retail sales 0.6%, Exp. 0.7%
- Retail sales ex autos 0.2%, Exp. 0.5%
Retail Sales- 0.6% vs 0.7% expected
PPI- 1.6% vs 1.5% expected
Merry Christmas: December Retail Sales had No Increase At All Sans Automotive Spending
Election Hope Turns to NOPE
Read more by Soren K.Group
