The market is obviously very nervous at the moment and plenty of rumors are making the round, as traders and analysts try to explain what happened. The Retail Sales data was a miss, yes, but I think that this was a pure sentiment-driven move. The data alone nor the previous data releases don’t suggest that the Fed will alter their course, so the sharp decline in yields and the USD was exaggerated. I prefer to wait for the market to settle down a bit in situations like this. If you are trading right now, just be careful about all those rumors appearing…many can be fake, as we just saw with the Ebola headlines earlier.
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