Dow Down 25 @ 10472 Inlation and Home Builder Sentiment
Dow Down 25 @ 10472 Inlation and Home Builder Sentiment number came out today.
Still think we rally over 10500 again by Xmas. The wholesale inflation numbers were higher then expected, Gold has rallied to positive after the numbers were released. Though the relationship between Gold and the market is changing as we saw the market rally the other day on dollar strength, for months the gold trade and market direction were the same. These inflation numbers, one would think would rally the Dow, but this has not happened yet. Still a few hours left so will see how it plays out.