Rate hike fears drove the market to gap lower. However, financials are holding strong and negativity looks to be overdone. Yesterday's lows have held and the market looks to be good for a short bounce. For more than a short bounce, several things will have to align including lower oil and a sliding VIX, which are not happening right now.
Bernake talks tough on inflation.
Quantifiable Edges performs a study on when down volume swamps up volume but the S&P closes higher.
Across the Curve comments on Bernake's speech and assesses movements in the fixed income markets.
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