Market Soapbox 01/30/07
TUE, back up, DJIA +33 on lower volume with nice internals. All UP cept XMI. SP500 churning between 1420 & 1430, lets see what the FOMC statement does..
Bonds up 10yr 4.87, $ down vs 121.7y & down vs 1.2967E, WTI crude up BIG $56.88, gold up $652.90
And the herd was spooked... below normal temperatures and news that Saudi Arabia will reduce daily production by another 158K barrels beginning Thursday...
Crude +5.3%, Natural Gas +10%, Heating Oil +5.6%, Gasoline +5.5%, the biggest one day move since Hurricane Katrina.
Bonds up 10yr 4.87, $ down vs 121.7y & down vs 1.2967E, WTI crude up BIG $56.88, gold up $652.90
And the herd was spooked... below normal temperatures and news that Saudi Arabia will reduce daily production by another 158K barrels beginning Thursday...
Crude +5.3%, Natural Gas +10%, Heating Oil +5.6%, Gasoline +5.5%, the biggest one day move since Hurricane Katrina.
Comments