Quiet Night

Overall, after the Obama news conference last night, it has been awfully quiet.

Index futures overnight have been flat, as I thought, no carry pairs took over for EUR/JPY, in fact most lost ground and the first crack is showing up in higher oil prices.

The way I see it, only the SPY Arbitrage can hold this market up for now, not even poor AAPL can contribute.

We'll see if the SPY arb is played, otherwise, it will be time to start putting some short trades on.