JonesTrading’s Dave Lutz has a roundup of what traders are chatting about right now: Good Morning! US Futures are in the “Scalded Dog” formation, running well over 1%. The late afternoon rally on the GPIF news squeezed higher in the overnight, as a double-dose of good news shot Tokyo nearly 5% higher to 7Y peaks (and Nikkei futures are up ANOTHER 2% this AM) – The BOJ said it would expand its annual asset purchases to Y80T from the prior Y60-70T. Most of the incremental buying would be targeted at JGBs but the pace of stock …read more
Source: Business Insider
