The movement today was just a little position-squaring ahead of the housing data on Thursday and Friday.
More Quotes from Ronald Simpson:
The number just confirms the slowing growth trend that has been unfolding in the housing market, although the numbers are still at historically strong levels.Ronald Simpson
One of the last things the administration is going to do is to dissuade people from investing in the U. S. Talking the dollar down would certainly not help the situation.
Ronald Simpson
Claims have been drifting well below normal levels throughout the month. On the eve of the January payrolls report tomorrow, it could just indicate that a blowout (strong) number for payrolls could be in the cards.
Ronald Simpson
Today there was a little bit of position adjustment from yesterday, with very little flows going through.
Ronald Simpson
With the energy market so close to the surface in the markets here, the number just amplified the current thinking that the recent hurricane and the effects on the energy market may have a broader impact than people were thinking.
Ronald Simpson
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