The 'big tickle' in the markets today were the Fed minutes, which basically said nothing new, but made the markets pop, drop and pop again before setting into roughly unchanged on the day, except for the big tech juggernaut which is on a tear.
“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
10 July 2013
SP 500 and NDX Futures Daily Charts - Techs Are On a Roll, Financials Not So Much
The 'big tickle' in the markets today were the Fed minutes, which basically said nothing new, but made the markets pop, drop and pop again before setting into roughly unchanged on the day, except for the big tech juggernaut which is on a tear.