We’ve been used to the bad news is good news meme for such a long time, it feels weird to even type that. That’s the reality, however, when investors are already counting the days till the Fed’s easing cycle and we get 528,000 new jobs instead of the 258,000 expected.
The tightening might just have to last a little longer than the bulls have suggested. Though, the efforts being made to lower oil prices are bound to start paying dividends in the longer run. CL reached our next downside target. Could this slide turn into something real? Could ES do something so drastic as drop below its 10-day moving average? Can VIX survive the usual 9:30 smackdown?
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