I thought I’d seen it all in the last 27 years, but never did I think I would see the market absorb a 13% drop in durable goods and a third revision to GDP which knocked 0.4% off the headline with the markets barely reacting.
It certainly goes to the argument that we live in a world supported solely by central bank liquidity (not that its doing any good, obviously).
Color me mystified.
Sell orders still seen at 1.2900; stops are around 1.2910 if we break above.