Markets will be very thin for the balance of the session. Market makers will be providing minimal liquidity to the market so any orders of reasonable size will have out-sized influence today. Get it done and get square is the ethos.
It’s not a day for punting as movement will likely be near-random.
Next week, the market will have to balance the two interesting pieces of news that we learned today. First, the passage of a Greek budget that deeply cuts into the fiscal deficit, cutting it from roughly 12% of GDP to 9%. The second, a solid drop in US weekly jobless claims to a level not seen since the Lehman collapse.
