Wednesday, August 02, 2006
Inflation Rearing Its Head
I am writing this just before the markets open for the day.
Our position is looking ok. The SPX was down just over 5 points to settle at 1270.92. The SPX was down as much as 10 points during the day but there was a bounce in the last 30 minutes of the trading day.
Our next big move is going to be on Friday and that will dictate most probably what will happen to this trade. Non farm payrolls are released and any weakness in these figures may be interpreted by the markets that the Fed will pause rates.
Until next time.
Our position is looking ok. The SPX was down just over 5 points to settle at 1270.92. The SPX was down as much as 10 points during the day but there was a bounce in the last 30 minutes of the trading day.
Our next big move is going to be on Friday and that will dictate most probably what will happen to this trade. Non farm payrolls are released and any weakness in these figures may be interpreted by the markets that the Fed will pause rates.
Until next time.
# posted by Paul @ 6:46 AM 
