The market broke down Friday with disappointing J.P. Morgan consumer lending even though they beat estimates. Also, this gave Intel time to sell-off a bit after their blow out quarter beating the street by 10 cents. The big U.S. announcements coming up are housing starts and P.P.I. on Wednesday at 8:30 AM. I think the market will be looking to be bullish this week sending currencies (us dollar and yen lower) higher along with commodities. I am also betting on gold outperforming oil.
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