To the next whiskey bar
Oh, don't ask why
Oh, don't ask why
It's quieted down somewhat and traders are starting to cast their eyes towards the earnings after the close. I'm hearing a mixed bag from the flow front since the frenetic pace slowed, and we continue to (thus far) trade in a relatively defined range. The breadth stands out as the most overt positive, while the banks should be acting better. It's worth noting that the majority of the gorillas (institutions) typically use Fed days to talk it out and implement their decisions the following session. What, you mean everyone isn't trading every tick?
With a big event after the close and some European events overnight, there promises to be further crosscurrents with which to craft a thesis. I've gotta hop into an end of day mindmeld, so I'll touch back in a bit. Good luck into the close, my friends, and keep that right hand up.
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at firstname.lastname@example.org.
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