WEEKLY MARKET DIGEST: TWO WORDS IN FED’S STATEMENT CAUSE DIVERGING REACTIONS, MAKE VOLATILITY YOUR FRIEND $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) GDP DISAPPOINTS January 30, 2015 Q4 GDP-Advanced came at 2.6% vs. 3.2% consensus. The disappointment has caused interest rates to fall, stocks to fall, and gold to stabilize. Oil is range bound. Lower than expected GDP is seen by some as an indication that the Fed will stay dovish longer. Our very, very short-term early stock market indicator is negative. Gold futures are at $1262, silver futures are at $16.87, and oil futures are $44.53.