Mornings DATA
NY STATE INDEX.....A CLUNKER 3.0 !!! were looking for 18 a STEEP decline and reason for BOND strength this AM.
Remember when 10 yr was yielding 4.7% ? That was .786 FIB of previous decline.
INFLATION markers however appear HIGHER than expected, remember, the GOV manipulates the data. BUT GOLD is falling? IMHO DEFLATION is behind the curtain!
As per Richard Russell last night, both IND and TRAN broke below JAN lows....a DOw sell signal. (dowtheory letters.com)
D
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