Having bounced off the 50-day moving-average, this morning's ADP print seems to have ignored just enough momentum to squeeze shorts once again (just ignore the PMI data).
Having bounced off the 50-day moving-average, this morning's ADP print seems to have ignored just enough momentum to squeeze shorts once again (just ignore the PMI data).
Spot VIX is getting hammered back towards a 10 handle... because, hey, there's no risk anymore, right?
Copyright ©2009-2014 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every time you engage the site: they're updated constantly without notice.
OTHERS TO WATCH: Many others in the retail sector are lower this morning, including Macy's, Kohl's, American Eagle, Nordstrom (JWN), Abercrombie & Fitch (ANF) and Urban Outfitters (URBN).
Comments
Log in or sign up to join the conversation.