The exclusive Markets Morning Report is supplied by The Precision Report.
The Precise Take – Winding down 2011
Big Picture Analysis: With nine trading days left in 2011, we expect volume to taper off as traders take off for the holidays. And, with the Santa rally not having materialized, end of year window dressing will probably make for more choppiness. Having said that, illiquid markets will remain vulnerable to surprises in both directions. Another trend we have noted is that the US markets tend to become more erratic after the European close at 11:30 am EST. No major news today, though there is a 3 Year Note auction at 1:00 pm and the Treasury Budget at 2:00 pm.
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