Market Reaction To January Personal Income and Outlays

January personal income and outlays data came in mixed Friday Feb. 25, with personal income M/M at 0.00% versus an estimate of -0.3% and personal spending M/M in at 2.1% versus a 1.5% estimate. A fifty basis hike is more and more off the table now, a twenty-five basis rate hike for March is becoming more the norm by Fed speakers, says Larry Shover of D. Alexander Capital. I think the Euro currency is the big loser here, says Larry. The Dollar is the safe haven status, and I think the U.S. Dollar (/DX) is going to continue to go higher. He says Germany is pricing in a 10-year high inflation. Lastly, they discuss the Japanese Yen (/6J).