That is, if they clear 4400
With a 30 minute lag this chart doesn’t show it yet, but as of 4 AM in Noo Jork, and 10 AM in Madrid, Paris, Frankfurt, and Warsaw, go figure, it’s there. Now they just need to push it until NY gets into the action.
But of course, it doesn’t mean much. Today is Fed day. What happens on Fed Day, stays in Fed Day. We return to the real game tomorrow.
Meanwhile, big picture stuff.
Prices Show Us Not to Argue with Mother Market
Be Careful of that Yellow Stuff
Chart Picks – Dipping Two Toes in the Meat Grinder
How the Fed and Treasury Rig The Debt Ceiling Roulette Game Matters
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