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I thought this was a US holiday but I guess this didn’t apply to Fed and Treasury officials who were out jawboning markets. Investors gave them what they wanted with the exception of Turbo-Tim who amuses us with his faux table pounding wanting “a strong dollar”.

So the liquidity bubble continues to expand and investors are lovin’ it. It is what it is folks, enjoy it while you can. Tomorrow we get those pesky Jobless Claims again which are estimated to remain unchanged. Is that a good thing? Bulls will spin it that way if they can.

Let’s see what happens and you can follow our pithy comments on twitter.

Disclaimer: Among other issues the ETF Digest maintains positions in: VTI, UPRO, UYM, TYH, UCC, UXI, ULE, GLD, DGP, DBC, USL, EFA, EEM and XPP.

The charts and comments are only the author’s view of market activity and aren’t recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren’t predictive of any future market action rather they only demonstrate the author’s opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at
www.etfdigest.com.

Source: Thursday Outlook: Commodities, Global Markets