The markets continued to push and pull prices as preparations for Friday's monthly expiration were in full swing. That along with year-end posturing kept the futures markets in a "chop fest" type state with quick price swings ruling the day.
Again, there isn't much to be added to the current analysis. The markets continued to push and pull prices as preparations for Friday's monthly expiration were in full swing. That along with year-end posturing kept the futures markets in a "chop fest" type state with quick price swings ruling the day. There was a benign reaction to the PPI and Initial Jobless claims as inflation is reappearing as seen in the CPI. Friday is a monthly expiration and should be expected to create some movement in the indexes, futures, and ETFs as well as volatility.
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