Futures are flying this morning as mother Russia comes to the rescue over Syria. Yippee!! The tradeoff will probably involve Putin telling Obama that he must allow Assad to stay in power. What evs. The market is loving it. Russia is proposing that Syria hand over its chemical weapons, Putin plans on putting them next to his Super Bowl ring.
The 10 year note $TNX is trading at 2.95% ,and for now, risk is back on. Contrary to the folks that say you should put a gun in your mouth in September, the tape is moving up for now.
China industrial output grew to a 17 month high and retail sales rose.
Japan and the Nikkei are looking better and $DXJ, the long Nikkei/short Yen trade broke out yesterday.
$AAPL goes low cost today.
Did you know that the Nasdaq $COMPX rallied to its highest level since October 2000 yesterday?
Keep your eye on the builders, $XHB “possible” they are reversing.
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