Futures put in their low early in the session, then proceeded to march higher over the course of the trading day. Second-tier economic numbers didn’t do much to influence direction. Once again the market was more in tune with trade war rhetoric than economic data.
Today’s trading volume is light with better volumes than the beginning of the week. Futures lower all day, slightly higher after FOMC minutes. Main trades all involved October (EDV9) and December (EDZ9) expirations.
A quiet overnight session and a muted day session saw futures drift higher on a lack of economic numbers as traders look forward to the end of the week. The focus seemed to be on adding to or establishing dovish positions.