It's a pretty slow day so the machines are just running legacy arbitrage algos.
 SPY in green vs the Euro in red, an obvious correlation.
 However I don't think the Euro is going to hold too much longer here, probably through the NY close, but I suspect it dips with ES in after hours.
Longer term, the Euro looks to be topping out after it has made its run to $1.30+
Pretty much a boring day.
Is interest rates about to start going up?
                      -
                    
Yes, I know - it does not make any sense - FED is about to cut 
rates...but....real world interest rates are not always what FED wants it 
to be.
6 years ago




No comments:
Post a Comment