Midday Recap: Markets in Quiet Trade, QIHU Rebounds Above 75

Markets remain broadly stable today. The Euro continues its move slightly higher against the dollar

euro fx futures cmeThe S&P 500 remains sideways after trying to sell-off on the open

sideways movement

sideways movement

QIHU rebounded above 75 for the first time since mid September. It reached a high of almost 125 earlier in the year, only to fall to a low of 60 by mid October

QIHU rebounding

QIHU rebounding

Bonds rallied as well, especially at the back end, buoyed by strong demand for the belly of the curve, continuing their recent divergence from stocks:

30 Year Treasury Bond Futures

30 Year Treasury Bond Futures

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s