Are the lower then expected ISM numbers going to make a difference?
Big Al
September 6, 2016
We brought on Peter Boockvar today to share his views on the ISM non-manufacturing number which disappointing. We saw moves to the upside in gold and a corresponding move down in the US dollar. These are the exact moves that we would expect as a Fed rate hike for this month is now further off the table.
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Discussion
4 Comments
Sep 06, 2016 06:17 AM
Sep 06, 2016 06:31 AM
Kind of interesting how opinions as to what should and what should not be done vary!
Sep 06, 2016 06:25 AM
A trip down memory lane.
Secretary of Treasury says “we support strong dollar”
This is before the dollar lost 25%
Sep 06, 2016 06:31 AM
Memory Lane is an interesting place, Dave!
Pay attention to what they do, not what they say.
Fed’s Fischer Says Four Rate Hikes in the Cards for 2016
https://www.youtube.com/watch?v=P6sBpjeN6lc