Friday, May 12, 2006 | 05:15 PM

Briefing.com likes our turn of the phrase yesterday:

13:56 10-Yr:-14/32..5.186%.. GNMAs:-09/32.. USD/JPY:110.2150.. EUR/USD:1.2891

"Whackage" May Extend into Next Week:  The market continues its slow spiral lower, weighed upon by inflation worries & will face the week ahead braced for a run of specified pricing reports.  The data due include the TICS report, which, although a slow release (2 months behind) it will still be scoured for the "who's doing what for US" aspect.  The PPI & CPI reports have the potential to cause further "whackage" (thank you Mr. Ritholtz, for coining a word full of truthiness). All the major breakdowns on the pricing index data are expected to show increases...with of course, the exception of CPI core-ex-food & energy (who needs 'em?) which is expected to dip to 0.2% from 0.3% with PPI ex-sustenance, gas & heat, is expected to print flat at 1.7%.  The week is sprinkled with other potentially incriminating data that will have players using contorted mental calculations to determine what it all means for the data devotional Fed.

Glad you liked it, Beth!

Friday, May 12, 2006 | 05:15 PM | Permalink | Comments (15) | TrackBack (1)
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» Inflation and the Fed from Econbrowser
Certainly the recent inflation data have been-- Dave Altig says insert something negative here, so I'll just say "unwelcome". But when Fed Chair Ben Bernanke declare... [Read More]

Tracked on Jun 19, 2006 12:28:31 AM


Barry: How are you hedging against possible dollar rout..This is becoming my main concern..I think IB(international brokers) allow euro hedging...
I couldn't just trigger it. Everbank seems too expensive.
How do you feel about dollar?

Posted by: andiron | May 12, 2006 5:28:28 PM

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