For the third day this week we look set to trade the 2% in the S%P either side of the 900 level. Tuesday it was up 2%, Wednesday it was down 2% and today we are up 1.7% but we have over an hour to go.
Oil closed at $65, bonds have settled down slightly below last nigh’s closing yields and the dollar tries to figure out which car to chase next..Dealers say that algorithms are handling most of the market-making this afternoon as flesh and blood traders keep their powder dry, hoping for less confusing markets.
