Earnings & FOMC Drift

“Those who cannot change their minds cannot change anything” -George Bernard Shaw

Patience as we wait to get through these earnings, FOMC and ECB.
Remember, that even if it will be interesting to see if we witness the usual earnings and FOMC ‘DRIFT’, the real focus will be on how we settle once we get through month-end flows and the trading week.
Another thing that needs to be in the back of your mind is action in the Crude and keeping an eye on the current shenanigans. There is plenty of info and details out there on what is going on but the real questions at the back of our minds is what could more short-term pressure and another disorderly expiry/price action mean for possible exchange/counter-party risk in the whole commodity complex.
Please be careful out there and keep your size under control. The key is to be able to come back and fight another day. Markets are still in broader holding patterns but we should see some action sooner rather than later…
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Wishing you a great day ahead.

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