S&P index futures made a new weekly high since putting in July lows. April highs over 1200 still casting a shadow on current trade however as quiet trade prevails.
Commodities have had all the happy money, which is not necessarily a sign of anything important other than the art of buying what is rising is still the fundamental proof of great money managers. Gold, oil, and grains are the next death dive, but timing is everything.
Chinese Premier Wen still prone to hyperbole with last week crying about the ills of protectionism and over the weekend acknowledging inflation is just possibly a problem. He and the guys down the hall from his office that type up the positive economic data are running out of China Engine stories.
Range bound markets will continue to frustrate the directional players even with jobs numbers.
