IIFT Daily Note with Peter Brown

Is there any growth?

Posted by:  |  Time: 7:36 am  |  Topic:
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Friday’s non farm payroll shocked the market. The hope of  a one western economy emerging from the recessionsoon  faded. Not even in the wake of outright QE is the US able to produce jobs.

Afetr last week’s expectation that QE3 would not happen it is now right back in the mix. Euro survived a bloood bath by the easier dollar on Friday.

So to today’s trading. Well we have new ranges for this week. S&P is 1382  1374  Euro/Usd 1.3140  1.3040  and Gold 1660  1610

Quiet start so far S&P looks too cheap if anything.

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