06 February 2013

SP 500 and NDX Futures Daily Charts

There was quite a push to get the SP futures to finish flat to green, with another significance divergence as big tech lagged.

Earnings guidance is trending negative, with tech the worst and banks the best.

This is indicative of the policy error of the Fed and the Treasury which addresses the big banks and the management of perceptions in certain key market pricing, while neglecting the growth of the real economy.

This is how the financial engineers create zombie economies.