Wednesday 4 June 2014

1pm update - afternoon melt

Equities look set for an afternoon of algo-bot melt. The sp'1930s are seemingly now a given..whether late today..or Thurs/Friday, makes little difference. Precious metals remain in melt mode, but to the downside...Gold -$2


sp'daily5


Summary

Little to add...on what is day'3 of minor chop..with a touch of underlying upside.

However, we do have the Fed beige book at 2pm...so...stay tuned!
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time for lunch!