$ is rallying this AM and OIL is back below $80. SPX hit 1150 and came back, hyped INTC results have not resulted in HUGE FUTURES RAMP.
Inventory rebuild will help next GDP read, BUT retail sales are weak and dissapointing. I had a HUGE post keyed up a few days ago detailing the headwinds to recovery and my blog ate it@! I may try redo SAT afternoon, so check back.
I understand there was a HUGE bet (or bets) placed on SPX reaching 1150, for every PT it rises above payout on 60,000 contracts I think is $200,000. TODAY is OPEX FRI. will that 1150 be the magnate or repulse?
D
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