well, the triple seasonally adjusted data to push the recovery narrative is actually backing the Fed into a corner on their rate policy.
Central bank credibility is flying out the window as of late and the markets are clearly confused as hell. They can't tell they head from the @$$, if they are the tail wagging to dog or if the dog is just chasing his tail, which was is up or down? Is good news bad or good? Is bad news bad or good? Which was is the wind blowing?
Lol. All the more reason to buy gold.. but for now they have an excuse for the "market to make the news" and push gold down. Not to say that the manipulation is sustainable anymore but what's another try?
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