Central Bank Liquidity Props Markets: Dave's Daily

Jobless Claims (370K consensus) will finally produce some economic data for U.S. investors to digest. Greece is the drama that keeps on giving with more scenes and acts than one can possibly imagine.

The bottom line is the three central banks with the biggest printing presses are producing the liquidity the machines, hedge funds and banks use to support markets.

Let's see what happens.

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The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell any security.  Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period.  Chart annotations aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com.

 

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Dave Fry is founder and publisher of ETF Digest, Dave's Daily blog and the best-selling book author of Create Your Own ETF Hedge Fund, A DIY Strategy for Private Wealth Management, published by Wiley Finance in 2008. A detailed bio is here: Dave Fry.

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