An exiting new day campers! Not only do we see both the S&P and the NASDAQ crash their 50-day moving averages in soaring volume, but gold'n'silver have fallen to $1,198.10 and $15.94 respectively. OK, this morning's futures see a bit of a respite with metals back up +0.18 and stock indexes up +0.47% but we've been hearing lots of wonderful promises in the morning but we have to wonder if she'll still respect us at afterwards. Adding to the soap-opera drama today we're getting these announcements:
MBA Mortgage Index
CPI
Core CPI
Current Account Balance
Crude Inventories
FOMC Rate Decision
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