Markets Neutral Amid Data Dump Before St. Patrick's Festivities
-
The markets showed a neutral bias yesterday with poor correlation across assets. The Dow dropped 138 points.
-
Today's focus is on several major economic data releases including Empire State Manufacturing, consumer sentiment, and inflation expectations.
-
There are potential challenges for traders with the number of impactful data releases today.
-
St. Patrick's Day is Sunday. The author notes that "everyone is Irish" on St. Patrick's Day.
-
The author provides the usual disclaimer about hypothetical trading performance and risks of trading commodities, noting that substantial losses can occur.