The SEC basically thinks high-frequency trading is fine, but it knows you don't think that, and it wants to be tactful. It could just explain that markets aren't rigged, but "markets are rigged" is sort of unfalsifiable.
While stocks continue to take a rosy perspective on an economic rebound, yields continue to decline. One reason why this might be happening in the face of expectations of an improving economy is the volume of corporate issues coming to market recently.
The SEP13 E-mini S&P 500 is pushing up against some major resistance levels this morning just below 1684. Technically, on the daily chart and on the 5-hour bar chart, this market is looking like it is in overbought conditions.
The SEP13 Aussie dollar is trading up 126 ticks (+1.39%) today on a stronger than expected GDP data. This time, the Aussie is rallying not because of positive data from big trading partner China, but actually because of data from its own country.
Tech giant Apple released its fiscal second-quarter earnings with reports of positive revenue, but the first drop in year-on-year quarterly profits the company has experienced in 10 years. Should investors be concerned?
The SEP13 U.S. 30-year bond futures are down a somewhat significant amount of 1’19 points to 132’16. This is likely due to the higher revisions to last month’s retail sales number, causing more concern about Fed tapering that could be announced next month.
Equities have continued to consolidate as pull backs in the S&P have remained much calmer than those of the Nasdaq. The NQ though was able to hold the major support level at 3025 with a low of 3023.50 before recovering.