This might mean something or it might mean nothing.
October 2nd last year the markets were performing very poorly and the Fed had been waffling about raising rates.On that day a very surprisingly weak unemployment report was released and the Fed pumped big money into the market to ward off any further weakness.
For quite a while now the Fed has been "jawboning" markets to either raise them up with dovish statements or bring them down with hawkish statements.
The last US unemployment report might be a game changer in that a very weak report was released while the stock markets are near record highs.
Has the fed finally worked out that their policy's are not working and their hawkishness in a globally contracting economy is pushing rates ever more negatively.
Have they changed into super doves and are we about to see a major spike in commodity prices.
If this post has any credibility it will likely be revealed by the next FOMC announcement which is due Thursday morning.
LNG Price at posting:
83.0¢ Sentiment: None Disclosure: Not Held
