29 September 2016

SP 500 and NDX Futures Daily Charts - Should I Stay Or Should I Go

The indecisive markets took a bit of a plunge today when a news story reported that hedge funds using Deutsche Bank for derivatives clearing were pulling the excess cash out of their accounts.

The implications were that these insiders felt concerned about a disruption in access to their cash, and/or a greater threat of a 'bail-in' at the troubled bank.

Otherwise the risk factors still seem fairly calm, if not a bit cocky, on Wall Street.

Let's see if they can keep a hold on this asset bubble. Last one out the door gets scorched if they cannot.

Have a pleasant evening.