From: Market Watch
Critical information ahead of the U.S. market’s open
Investors are about to embark on a great adventure — a week without Chinese interference. Millions are hitting the road for the Lunar New Year holidays, and local markets are shut. To keep cash flowing for the holidays, the People’s Bank of China has been pouring money into the financial system all week.
One thing that China break should provide is plenty of time for Wall Street to go into hyper-navel-gazing mode over the U.S. economy — and it’s been doing a lot of that, recently. One giant update in the forms of jobs data comes later today, to polish off the week. (Just in, see below)
Meanwhile, the ripples we’ve been seeing across several asset classes — gold bugs are smelling life and the dollar has tumbled, while the S&P 500 is set to lose over 1% — has brought out some bears. Credit Suisse pushed out a note this morning entitled “Dangerous markets.” MORE