Open range: 1792.00 – 1791.50
Daily low: 1787.00 early
Daily high: 1795.50 mid-afternoon
The MiM closing imbalance: Started out a modest buy and ended a modest $232M to buy.
Cash Close: March futures traded 1794.80 area
Volume: ESH14 traded 1.1M
Somebody say something about a testimony? The Fed Chair has the floor … Chatter is quick to point out from the last FOMC meeting: “asset purchases are not on a preset course, and the Committee’s decisions about their pace will remain contingent on the Committee’s outlook for the labor market and inflation as well as its assessment of the likely efficacy and costs of such purchases”.