Stock markets took a dive at open this morning. As of 9:56 AM EST, only the start of the trading day, the DOW is down 507 points (1.3%). NASDAQ is down 1.28%, the S&P 500 are down 1.29%
More interestingly, the Ten Year US Treasury is rising - not a good sign at all:
And on the periphery, a big signal, the relationship of the US Dollar to the Japanese Yen:
It appears the markets do not like the Consumer Price Index which shows inflation coming in way hot.
One thing this means is there will be no cut in interest rates by the fed; they may even have to increase them to fight off inflation.
This is why the citizens of the country are hurting - and it is likely to cause even more pain in the future.
