“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
03 July 2012
SP 500 and NDX Futures Daily Charts - Another Low Volume Melt Up
There is an ECB meeting on Thursday, and the markets are looking for a 25 basis point rate cut.
The US markets will be closed tomorrow for the 4th of July holiday.