Forget the S&P rating action, says Cullen Roche; the only news that matters today is an FT...

|By:, SA News Editor

Forget the S&P rating action, says Cullen Roche; the only news that matters today is an FT article that the Fed will soon signal the end of QE. The price action - stocks down, bonds up, dollar up - is exactly what one would expect for the end of the QE trade.