Futures added to their overnight gains following release of softer than expected August PCE (+0.4% versus 0.5%.)

It remains to be seen whether the cash market can continue to whistle past the government shutdown graveyard.

continued for members…

Most of the levitation comes courtesy of VIX, which is off over 6%. Currencies are helping, but EURUSD and USDJPY are both sitting at their .886 Fibs. Likewise, CL is bumping up against TL resistance and RB continues to sell off as TNXcame very close to our next upside target.

I’ll wrap up the currency work started yesterday following a conference call.