Market Update

There's a lot of dispersion in the market, for instance SPX vs Russell 2000 or XLK (our TECS long yesterday) vs XLF.

There are intraday negatives which have largely been in line to slightly weak, but very dull otherwise, are now starting to become more clearly intraday negative, the IWM especially. This is seen in Index futures as well.

I suspect we won't see strong underlying action until Yellen is done speaking, it's been very dull this morning, but starting to pick up a bit