US equities are increasingly seeing micro chop, with the sp'500 around 2K, and Dow 17K. Clearly, we're arguably no more than 1-2% from what should complete a rather natural bounce from the Feb'11th low of sp'1810. VIX remains naturally subdued, stuck in the 16s.
Little to add.
8 trading days until the FOMC.. at which point we should have maxed out.
notable strength: SDRL, daily
The junk continues to soar, after all, everything is fixed now, yes?
back at 2pm