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There can be little doubt that the cross-over between the Nasdaq 100 and the S+P 500 pushed the S+P lower yesterday and that resulted in the index posting a second successive lower daily close. The S+P 500 closed 30 points lower last night, at 4,975. So far today the index future has not managed to rebound at all and remains pricing a reopening for later today, at or perhaps just below where it closed yesterday. That is despite a rebound in the Chinese markets today. The Nikkei 225 has not followed suit though and that might be why. Perhaps we should also not forget; that the Chinese markets are being officially manipulated higher and not rebounding under their own steam.
The US Federal Reserve voting committee, the FOMC have just announced the outcome of their monetary policy decision. As expected, the Fed have left...
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