Not quite Goldilocks

Oct 11 23:10 2018 Print This Article

Not quite Goldilocks

Not to state the apparent but markets are finding themselves in a total state of discombobulation as we mercifully head towards the weekend. There have been multiple train wrecks over the past 24 hours, and the continuous wall of worry around US yields and US-China tension still weighs on equity sentiment.

Goldilocks? Yes and No

Not quite the Goldilocks narrative that we are so accustomed to after a weaker than expected inflation print (CPI) as those three bears are not so good-natured or harmless and are forever prowling looking for the opportunity to drive risk lower. The more moderate inflation prints only provided a modicum of repose and far from the antacid “plop- plop fizz-fizz ” oh what a relief it is, the market so desperately needed. Wall Street recorded its second day of steep declines. But there is one positive, however, as the overnight session came to a gruelling finale, New York traders could finally catch their breath. !!

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