The Fed is still propping up markets. They'll continue to do so for another month. The only question is how far in advance will some bulls make their exit?
And, like after a bad storm, commodity investors have returned to the wreckage to take markets higher again. The damage done in this bear raid by the exchanges did more to hurt their credibility than to enhance orderly and fair markets. No wonder commodity markets suffer from a poor image.
Thursday's Jobless Claims seem more important to me than previously given the disconnect between the previous report and Friday's NFP.
Let's see what happens.
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