If the algos had their way, the economic data might not even be reported.
As expected, inflation is still nowhere to be found. The USD, which was doing its best to hold its ground on the back of recent hawkish Fed comments, has plunged below key support. Yet, futures are still in the green.
Is this a turning point, or are we really going to see new highs on lousy economic data yet again?
As long as VIX has room to maneuver lower — which it does — there’s a very good chance.
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