According to the official spin, traders 'reconsidered' what the ECB did this week, and what Draghi had subsequently said, and gleefully cast off all doubts and concerns about risks and started buying equities.

Yes, I am sure that this is what happened.

Just as I am sure that all the lying, manipulating, and looting will also continue, until morale improves and confidence in our glorious central banks returns.

The SP futures were leading the charge higher, in a familiar pattern we tend to see whenever the Fed and the financial powers that be wish to instill confidence in their mighty judgements.

Next week we will have quite a bit more macroeconomic data as indicated in the advance chart below. There will aslo be the March FOMC meeting.

Will they or won't they?

Have a pleasant weekend.

By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In providing information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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