1. Thu, Feb 7, 2013
The Day Ahead: ECB Announcement and Jobless
Claims
chammond
BY MATTHEW GRAHAM Certified Mortgage
Planning Specialist
Mortgage Network, Inc
Heading into and out of the first Friday of most months, it's common to
see volatility swell and ebb around the Employment Situation Report.
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Granted, in some instances, there are other considerations of sufficient
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size to throw that conventional wisdom out the door, but all other things
being equal, it generally holds true. Looking at the last part of January Phone: (803) 771-6933
and the first part of February, we may be able to see some of this Mobile: (803) 422-6797
phenomenon in play, but certainly, we know we've had other market Fax: (803) 771-6944
moving considerations. Through whatever combination of post-NFP Facebook
cooling down and "other considerations," stocks and bonds have both
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been consolidating their trading ranges for the past two days.
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Not much has been made of today's ECB Announcement. The lack of attention may justified, or part of
the consolidative patterns seen above could be markets' way of circling the wagons to see what kind of
show will be put on. If the ECB doesn't do it, perhaps the first domestic economic data of the week is the
ticket (Factory Orders and ISM non-manufacturing weren't of enough interest to include). Today brings