Your MUST-READ Morning Stock Futures Cheat Sheet: Winding down 2011

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The Precise Take – Winding down 2011

Big Picture AnalysisWith 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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