Not much of actual note happened overnight, yet futures (ES) ramped about 8.5 points until the $USD started to strengthen around 5-6 a.m. sending futures lower to just about Friday's close, expectations thus far for today have not changed, I still expect a noise-like day with a chance for a head fake move, but we may stay a little flatter for a little longer considering the F_O_M_C coming up.
No one seems to think the F_O_M_C will taper, the pundits believe they are turning more dovish, will hold off on a taper or even increase the size of asset purchases, I think the pundits are useless.
Lets see how a.m. trade goes and I'll get PCLN and GOOG, probably AAPL out as well.
Have a great 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.
5 years ago
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