The S&P opened up a couple of points and hit a high of 1842,, a mere 8 points off the 1850 highs but the round of data put a little dent in the prices and we lost the gains and have traded down to 1835. We’re more or less flat at the moment but once again we’re seeing some moves based on the data rather than whatever other fairy tale the stock market believes in.
The Dow has recovered after falling around 46 points while the Nasdaq is up 19 to 4263.
US 10’s have slipped in yield to 2.72% (-2.5bp) with 2.71% the low so far.
USD/JPY has lost its sparkle from 102.50 around the start of the data to 102.25 but has recovered to 102.32
