MONDAY 3/9/15; Japan Q4 GDP; ECB QE Program Begins; AAPL Watch Event; URBN

Aussie stocks begin a new week of trading as the US enjoys Sunday evening (7 PM EST US East Coast time) with the SPASX200 down -0.3%. The weak China imports creates the drag in Australian stocks. Chinese copper imports are the lowest in three years but investors no longer pay attention to fundamentals since the central bankers continually goose the global stock markets with easy money.

US futures are flat. S&P -2. Dow -13. Nasdaq -1. Euro 1.0840. Dollar/yen 120.70. Pound 1.5056. Aussie dollar 0.7716. WTIC oil 49.58. Brent oil 59.52. Natural gas 2.75. Gold 1169. Silver 15.86. Copper 2.6050.

US Treasury yields are; 2-year 0.72%, 5-year 1.69%, 10-year 2.24%, 30-year 2.84%. The 2-10 spread is 152 basis points.

Japan Q4 GDP is +0.4% quarter on quarter missing the +0.5% expected. Annualized GDP is up +1.5% missing the 










[Text is Redacted: Purchase March 2015-03 to Read the Complete Chronology]

Treasury yields are; 2-year 0.70%, 5-year 1.66%, 10-year 2.20%, 30-year 2.81%. Yields lose three to four basis points across all durations today. European bond yields drop as the ECB begins the QE bond-buying program (higher prices occur due to the demand sending yields lower).

Two ships collide in the Houston ship channel with a Danish vessel leaking the carcinogenic (debatable) gasoline additive MTBE. The other ship is a Liberian bulk carrier transporting steel. A portion of the ship channel is closed which will hamper business and commerce for a couple days. The Coast Guard and Hazmat teams are working to remedy the situation.