Futures are bouncing again overnight. The question is if sellers will dominate the open again as in the past few days. The chart suggests the market will make a decision today whether to break higher or lower out of the channel we’ve been observing:
What I’m reading:
Foreign ownership of U.S. equities hits 69- year high
Grand Central: How Is It That Economists Still Don’t Get Where Inflation Comes From?
The start of ‘the Great American Oil Bust’ as Saudis drown shale boom
UK inflation rate falls to 0.5% in December
Saudi cleric issues fatwa on snowmen
Today’s detailed member update: