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Highs on the news with the money flowing to value and cyclicals. Havens are clawing back some ground today. Retaliation. The European Union will impose tariffs on 4 billion of u. S. Goods starting today. The eus trade achieve calls on both sides to drop countermeasures. A very good morning. If you think about it, we had that tantalizing, parabolic move, i would say, in this market yesterday evening. I was here late. Isar rationing around the markets i saw rationing around the markets. This morning, we face i suppose reality. Feels like a massive night out and this morning was a bit of the hangover reaction. Michael purves says it perfectly, talking about the vulnerabilities of the vaccine narrative. If the republicans gain control of the senate, this is very much so for them less onerous to want to do a fist lee onus less onus for them to want to do a big fiscal package. Lets take a look at what we did see yesterday, that euphoria ....
Yearoveryear number of six point 3 . Kind of a mixed bag with regard to some of the key headline embraced. Key headline numbers. Inflation and a Housing Department that seems to be chugging along. Guy the real number that stands out throughout the day is the capital goods number. Quite soft. Months this time really picking up. That is a sign of strength coming out of the u. S. Economy but i dont think people had anticipated and thats probably why we have seen yields rising at the front end today. These numbers confirm for the inflation story is going. Weve been hearing from the fed time and again they want to get back to target. They want to get some of these Inflation Numbers a little bit higher. Capital goods numbers drawing a lot of attention across the numbers. Start with the durable goods report and those capital goods numbers. Mark the numbers have been bad all y ....