Energy Markets
Buy the dip and worry about jobs later.
Wayne Cole gives us a look at what the future holds for European and global markets. The dollar and U.S. stock futures are both rising, so it's a good time to buy the dip. The Nikkei slipped as a result of the Wall Street crash on Friday and the rise in the yen. However, the rest Asia did better. Fed fund futures were priced at 65 basis points of rate cuts in December. However, that has now dropped to 60 basis points. This is a far cry from the 33 basis points seen prior to Friday's disappointing U.S. employment report....