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You just know there is no one left who is going to believe any bearish equity story when ZeroHedge is resorting to stuff like this on their front page:
April Tax Collections Still Running Red Hot Mean That Fed Must Get Tighter
The Fed is Tightening Into a Sheet Storm
As you all know, AAPL delighted shareholders last night.
Which let to a rip in the NQ, almost completely undoing the damage that GOOGL caused the day prior.
And, thus, volatility remains sub-teens. And, considering how Fed days are typically snooze-fests until the announcement (which, ironically, will almost certainly be NO CHANGE), it’s probably not going to be a particularly thrilling morning.
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