Markets are pretty much
writing off the significance of economic data this morning. Whether good or bad, it is being attributed
to the anomaly of horrible winter weather which has clobbered the East and
Midwest over the past two months. Thus
markets are higher this morning due in large part to Europe and comments from
the European Bank (ECB). It held rates
steady and indicated that it is willing to use other tools at its disposal to
put a floor in place if the economy stumbles back into recession. Once again, economic stimulus, or the mention
of it, has investors very bullish. Gold
is up moderately, while oil is holding steady.
Interest rates have ticked up a small amount. The US dollar is down and it seems we are in
a ‘risk on’ scenario, ignoring the geopolitical tensions of Ukraine drama.
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