16 December 2013

SP 500 and NDX Futures - Deck the Hall With Boughs of Folly

The big tickle today was the US Industrial Production number which came in better than expected.

I have included the economic calendar for this week below.

As I said I think the funds have spend the last week or so squaring up portfolios, getting rid of losers and taking some profits, and now the paint and window dressing start going on into the year end.

After the bell Boeing announced a $10 Billion stock buyback program.

Are there no workhouses, are there no prisons?