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Mr President… What we have here is a failure to communicate!
And we also have a big time S&P Flunk-a-dunk going on here.
As of todays close the S&P has been down 11 out of the last 14 sessions or down 4 out of the last 5 days.
SPZ high 1671.00 early
SPZ low 1649.50 late in the day
SPZ last 1650.00 , down 17.7 handles
Total volume: 2.25mil and 3.5k SPZ trade
MOC : Sell $600mil
Tomorrow: MBA purchase apps, Charles Evans speaks, Whole Sale Trade number, API, 10 year note auction and the FOMC minutes