The bond market seems unable to make heads or tails out of recent data...
Gold is still up big...and that should be bad for bonds and the dollar...
But the FED is indicating a slowing of rate hikes which would also be bad for the dollar...and perhaps even inflationary.
Meanwhile, Gold, Oil and Gas seem to be in their own world...partly based on demand from Asia, and partly based on the macro-economic disaster scenario in the US...ie the "twin" deficits and the apparent inability of Kongress to establish public policy without being bribed to do so!
A really sad start to the new year... But the market masters are still in control...so look for plenty of "Sucker Rallies" to divert attention from the economic realities looming later in the year.
