THE OPEN

Amazing what the market reacts to. The president tweets something about China which was old news and the China trade turns up. The down and out SEMIS ramp hard. On top of that, the ECB going to lower rates even though rates are negative. Actually, we are not surprised.

BIG CAP indices edged above range…and now we await our fed. Yippee. More easy money.

Will have a lot more after our fed gets out of the way. We have no clue what they do but we said before anyone else they would be cutting again soon.