Now we are seeing movement develop pretty quickly in the SPY which is the one of the 4 major averages I'd associate most closely with Financials.
The IWM is also seeing underlying strength and the DIA to some degree, the only one not so far is the QQQ.
The SPX and Russell 2000 futures are also seeing the same positive movement and even there the NASDAQ 100 futures ARE NOT moving
Is interest rates about to start going up?
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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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