ES 1150.00 -7.50 futures softening ever sinceEuropean markets opened. Euro markets opened up put have been selling down since then.
China put out some statements that they are interested in Europe, but dont’ say anything about Italian bonds. Italian bonds are trading lower (yields higher) so far ahead of a big bond auction coming up later this morning. Previously, Chinese officials have said they view Europe as an investment area, but they are interested in hard assets/buying companies rather than buying bonds.
The pattern of flat to weak US markets when European markets are open appears to be continuing, just like earlier today when US markets really got jamming after European markets had closed. This works great for daytrading; BTFD in the morning, sell the WTFRFH rally into the close. Wash. Rinse. Repeat. Profit $$$$.
Time to get some shuteye…
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