I'll take a bank over a spank any day!
An early peek out of the gate offers a couple of different sellers of the tech. 300 Nazz futures here, a couple million QQQ there....and so on. As expected, the S's are outperforming (as a function of the strength in the financials) and that seems to be the horse race of the day. Watch the semis (SOX) vs. the piggies (BKX) and brokers (XBD) as the tug-o-war du jour.
Gold is higher, bonds are giving back some gains and the greenback is gettin' thumped. Watch the dollar, kiddies...watch the dollar.
I'll be back.
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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