For once currencies are playing the cool, suave, calm and collected role as the bond and stock monkeys run around with their arses on fire.
US 10′s have dropped to 2.56% and The S&P dropped a quick 7 ticks to 1942.
US 10 year yields 31 07 2014
The buck is holding up reasonably well and other currencies are holding tight ranges.
It's becoming a very difficult market to judge as there's an awful lot going on at the moment. These moves are definitely not worth chasing right now and given the large falls today and dependant on how we close tomorrow will be important. If we get a decent bounce in stocks then anyone invested in thinking this is the start of a big move will run to the hills on fears it is just another shake out.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
