The light volume ramps higher continue on.
FOMC minutes tomorrow and the Jobs Report at the end of the week.
According to this the Fed is buying 61% of US debt. That leaves quite a bit of hot money looking for beta in the equity and junk markets.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
02 April 2012
SP 500 and NDX Futures Daily Charts - Biderman's Outlook for April
The light volume ramps higher continue on.
FOMC minutes tomorrow and the Jobs Report at the end of the week.
According to this the Fed is buying 61% of US debt. That leaves quite a bit of hot money looking for beta in the equity and junk markets.