Posted on 01/25/2015 10:11:11 AM PST by expat_panama
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Good morning! Yesterday metals plunged back down to the old base (gold'n'silver to $1,257.15 and $16.95 but this morning futures see 'em up +0.99%. Yesterday's stock indexes reversed higher and (from Rebound, finally...) "finally rebounded from the lows of the week." but any hopes "the Indexes close strong on the week" are facing this morning's futures pointing down to a -0.59%.
Need more coffee...
GDP up 2.6% verses est 3.0
Pretty big miss...
Consumption up big though. Want to see the internals to see what took it down.
Wage growth very low. More ammo for Fed to push out rate hike into 16.
10 yr bond below 1.7%
Gundlach is going to bee proven right. Again.
Which bolsters the theory that the 5% 3rd quarter GDP figure was suspect, because of all the Obamacare payments thrown in.
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