January 26, 2023 13:41 GMT
Cross assets reverse the initial US data price action
- An initial push lower for Treasuries, Eurodollar and Equities, and the USD initially spiked, on GDP beat.
- But Core PCE was inline, and Wholesales inventories and consumption missed expectations.
- Equities are trading back and above pre US data, and similar small reversals in Govies and USD.