On Tuesday I expected a move higher in ES led by Europe, the Euro wasn't so co-operative yesterday, overnight, this looks a lot more like what I expected, it has even lifted AAPL thus far.
ES overnight...
The Euro supporting it
Even AAPL is up in pre-market
And the news that lifted it? A Brazilian rate cut deeper then expected? The BOE and ECB leaving rates unchanged? Bad news for the Japanese economy? No, just because, also as expected (actually I thought they may float some rumor-maybe the sterilized QE from yesterday, although that would have no effect on the stock market being sterilized).
So maybe we can still get that head fake move, I haven't seen too many major reversals that didn't have one first.
I have an appointment with my back Dr. and will be back at 10 a.m.
See you then
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.
5 years ago
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