Higher overnight though fading.
Ford is moving all its small-car production to Mexico. Another reason why I think Mexico could surprise over the next 10-20 years and could beat China at its own game.
Seriously, still no idea what's going on with all the kitties. Now they've gone down the tubes.
Still quiet at the moment, even as Bloomberg chimed in with Volatility Erupts in Currencies as Stimulus Appetite Seen Waning.
2s pricing relative strength versus 30s. Steepening.
WTI crude blew it yesterday (43.84). NG did too -- sharp reversal on failure to take out 2.998.
Still kind of quiet here too as in FX.
Not a very confidence-inspiring bounce yesterday.
Yesterday's post still bears repeating:
"There are a cluster of Fib targets in the 2103.25-2094.55 zone. There is a 78.6% Fib retracement at 2173.16 and a gap and volume shelf sticking out at 2181.30.
However, it feels like the market would be happy to just get back to the 2160 area if it chose to bounce."
Here's how it was looking to me intraday: