by Trades with cats » Thu Dec 21, 2017 10:49 am
Last night it was the London/Frankfurt crowd that created that gap up open for us. They keep pushing up but the Globex extended hours are only 1/10th of the pit or cash or open outcry trading hours. And the pit hours want that Friday Monday gap traded. So it is kinda like Groundhog Day the Movie!
Another issue is that they run a reasonable chance of shutting down the government for the holidays, so Bond market is having fits and it is ripping up the risk parity crowd.
I just keep repeating Trade what you see, not what you think!