12pm update - QE chatter

Equities remain moderately weak, but well above the early low of sp'2022. VIX is similarly cooling from its earlier high of 20.44. Metals are holding moderate gains, Gold +$6. Oil has clawed a little above the earlier lows, -3.9%.


sp'15min

sp'60min

Summary

*for the bulls, a daily close in the 2040s would be 'useful'. Any late day sell down sub 2020.. would be a real problem. The latter looks unlikely though.
-

Watching EU version of CNBC earlier. There seems to be some serious chatter that the ECB is set to announce a T-bond buying program. It will be based on the contribution of the various member states. Naturally, the stronger Germany and France will see a greater share of their bonds bought.

For now.. its speculation..  but a t-bond buying program would be a significant step.... not least because once they do one round... you know they'll do a second... right?
--


VIX update from Mr T


--
time for tea.... back at 2pm