Treading Water

This morning is essentially the mirror image of yesterday, with futures up modestly on the usual algo drivers: VIX, USDJPY and CL.

This is the 8th session in a row of treading water, making it the longest “stall” of the year so far.

continued for membersWith important economic data due out tomorrow, the logjam seems unlikely to continue. There’s not much to comment on this morning other than oil/gas rebound, which has benefited XLE more than CL/RB.