sp'60min
Summary
With the latest fed book out of the way, there is little reason why we won't just see minor churn into the close.
Clearly, a somewhat tedious day, although a new high of sp'2009 should be recognised for what it is.
VIX has turned fractionally higher.. but hey..the 12s are nothing for equity bears to get stirred up about.
-
3.14pm Watching the maniacs on clown finance TV.... same old nonsense.
I'd agree with Santelli though, the ECB tomorrow.. far more important than the Friday jobs data.
Those currently short had better hope Draghi fails to launch a QE program... which could result in a swift move lower.. but hey....I ain't betting on it.
Holding to primary upside target of sp'2030/50 zone, by opex/FOMC week.