No fear
SPY closed up 1.33% up yesterday, as bulls are handling all negative news about very weak economy, corona, unemployement topping 40 millions.
ES futures futures are trading about -18 handles and have been under pressure in overnight trading.
The latest weekly initial jobless claims count totaled 1.877 million, against an expectation of 1.800 million.
But that's been offset with ECB announcing bonds purchases providing a base for the markets.
So it's all about the Central banks and the assets they are purchasing keeping a lid on any market weakness.
ES futures futures are trading about -18 handles and have been under pressure in overnight trading.
The latest weekly initial jobless claims count totaled 1.877 million, against an expectation of 1.800 million.
But that's been offset with ECB announcing bonds purchases providing a base for the markets.
So it's all about the Central banks and the assets they are purchasing keeping a lid on any market weakness.
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