Daily Delphi

Post: THURSDAY the 29th | Daily Delphi

BlogsPit Talk › THURSDAY the 29th August 29, 2013, 6:50 am

WEDNESDAY RECAP
All eyes were to the East today as traders were waiting for a response to Syria's use of chemical weapons. The EIA crude number came in at +2.986 million barrels. Almost triple the expectation, the market broke off it's highs but still settled up for the day. S&P's managed to settle up on the day led by a 2% gain in energy related shares. Gold peaked early and then traded down as metal traders decided the flight to quality thing might be a bit overdone.

TODAY'S ACTION
8:30am ET
Initial Claims Forecast 333k Prior 336k
Q2 GDP Forecast 2.1% Prior 1.7%
GDP is a great number to trade especially with all the Fed soothsayers calling for an end to easy money. The only problem may be that the world wants to know what's going to happen with Syria.


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