“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
19 August 2013
SP 500 and NDX Futures Daily Charts - Lowest Volume August In Ten Years
The trading has been almost entirely technical today with the momentum traders following algos around the track.
I suspect most of the adults are on their summer vacation this week.
FOMC minutes is the highlight of the economic news on Wednesday.