The Traderszone Network

Published in TZ Latest News 16 June, 2014 by The TZ Newswire Staff

Russell Rebounds On Late-Day Buying Panic But Rest Of Market Reluctant

Treasuries oscillated in a 3-4bps range all day to end flatter with 30Y -1.5bps and 2Y +1.5bps as stocks flip-flopped around like Charlie Sheen in a Phat Phong whorehouse. Trannies resumed their post-Iraq drop (-0.4% today) but high-beta honeys sent Russell 2000 up 0.3% with the S&P and Dow unch. Stocks recoupled with bonds after 2 attempts to spark new all time higherer highs. Ahead of this week’s FOMC, the USD weakened as EUR gained and oil, gold, and silver all slipped in a highly correlated manner.

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