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SPDR S&P 500 ETF Message Board

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  • godiggity123 godiggity123 Jun 13, 2011 10:57 PM Flag

    Dow Futures Just Spiked To +46...

    guys...Industrial Production didnt decline from last month's 13.3 but instead rose to 13.5. Compared to the US, this is a complete opposite, as US Industrial Production has tanked in May/June. China has continued to grow, which is different than the market was pricing in. Markets assumed a global market downturn but in reality it is only a US softpatch. Markets will adjust to this data. CPI is not the driver behind the futures activity.

    Futures still climbing from initial levels after the data was released

217.80-0.05(-0.02%)12:11 PMEDT