CPI Is Done. Now It’s the Fed’s Turn
The markets don’t sleep or wait…for anyone.
Our View
I can talk about levels just like anyone else, lay out a monthly chart and count all the highs and lows. When I did the UBS S&P index program trading business it only made up 20% to 30% of the daily volume. Today, algorithmic and high-frequency trading programs make up 90%.
I am sure some people did very well yesterday, but as I warned, this is …