Money on the sidelines? Em fixed? Expectations of a terrible jobs number tapering the taper? One thing we do know for absolute certain – this ramp in stocks has nothing whatsoever to do with fun-durr-mentals… as USDJPY 102 takes the S&P back to unch on the Taper and above its 100DMA.
USDJPY 102.000 Tagged…
It seems the so-called “market” liked the guilty verdict on Martoma?
Though we suspect the machines are desparate to get the S&P back to unchanged from the taper…
and above the 100DMA…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1g6X8I7 Tyler Durden