Just as "Blah" as last night. July PPI moved ES a bit, but overall, flat to down a bit as we closed yesterday out at 1692 and are currently at 1689.
About the most exciting thing left in terms of data today is James Bullard's Double-Header, speaking in Paducah (just rolls off the tongue) Kentucky at an early 1:20 p.m. matinee and a later 3:15 early bird, perhaps the St. Louis. F_E_D Prez generates some excitement in what feels like a very dull, summer market.
Beyond that, today would be a good day for a bounce being it's not too close to the monthly options expiration pin coming Friday and we had several reversal candles in the major averages yesterday.
First though, I suspect we have some strong a.m. weakness to march through.
3C is totally in line with ES and NQ and slightly leading with R2K futures in pre-market.
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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