Market Commentary Wednesday Sep 22nd

by Mark Fenton on September 22, 2010

The equity markets not pleased this morning with the lack of specifics from the FOMC yesterday. The figures and overseas markets are down a bit. UST bonds however are getting a lift. For those of you who trade the UST bond options be aware that seasonally we could get a bit of a pullback soon. Many analysts believe the bonds to be in a bubble. Pullbacks into the 120’s in the 30 bond are not unreasonable to expect over the next 30 days or so. So  respect the upside but be prepared for a slide in bonds.

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