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E-Mini S&P 500: An Inside Day of mixed views!
The E-Mini S&P 500 withstood the Standard & Poor’s credit rating agency on Monday cautioning that they may have to downgrade the US AAA rating in the US Treasury debt unless the Federal Government is able to contain the budget deficit within the next two years. The news broke and so did the market for that matter as the E-Mini S&P 500 had slipped to $1290.25. The market was fragile to begin with and volume has been light. In the meantime, the Fed still continues with the QE2 through June 30th with sort of a “wait and see” attitude. It seems highly unlikely that any policy changes would take place this year.
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