Stock market articles – earnings and credit woes were the feature and the ES responded and crashed.
The bond rallied back to where it was before the FOMC announcement. The Bond is positioned to trade higher and at the top end of its range awaiting tomorrow’s news. If the NFP doesn’t come in lower than forecast, the is plenty of room for disappointment. NFP is expected at 83K and he market’s focus.
Know the news and you have the trade.