Just watching these few charts below here, we can see that there is a bit of wait and see going on as the early bulls dip a toe in the water of the equities markets. The U.S. Bonds eased again last night. The $AUD has been catching a bid on the RBA statement about a floor under the Aussie interest rates for now. We need to see how the VIX looks tonight. We need to see if there is a follow on from the buying in equities last night. At this stage we are in a normal pullback. I would actually prefer to see this turn into a full correction and get it over with now rather than later. That is still a possibility if this rally proves to be short term.
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