An important discussion today regarding data points.

٢٢ ديسمبر ٢٠١٦

All 4 durable goods and GDP data points came in better than expected this morning at 830 which was the reason the initial short there was cut and flipped. If those data points were mute or worse than expected I wouldn't have done that, it happens. I expect it to get very choppy now moving into the holidays and also see YMH7 down to 19800. Important to note that unemployment claims did come in lower than expected, however the overwhelming high impact data today was positive. The sell off looks more technical here now, than anything. Still very noisy into the holidays.

USD
Core Durable Goods Orders m/m
0.5% 0.2% 0.8%
USD
Final GDP q/q
3.5% 3.3% 3.2%
USD
Unemployment Claims
275K 255K 254K
USD
Durable Goods Orders m/m
-4.6% -4.9% 4.6%
USD
Final GDP Price Index q/q
1.4% 1.4% 1.4%