That is a recipe for market volatility, and I think it will increase rather than grow less in the months ahead.
The obvious focus for the market will be the core PPI, and given what we've seen for consumer prices, we should see a relatively modest increase there,
There was a herd mentality to stampede and get on board. That brought the markets to a certain fever pitch.
The collective denial on the euro zone economic recovery is belatedly challenged as markets and forecasters finally wake up to reality.