Odds of being rangebound: Bund: 63% rangebound Stoxx: 90% rangebound Bonds: 72% rangebound SP: 82% rangebound Gold: 76% rangebound The highest intraday odds of trending and or big moves are in Bonds (30 yr), Bund and Gold, –h Share and Enjoy
Our end of year regression forecast for SP Cash was 1119.29 which now seems reasonable to carry over into Q1 given the amount of government intervention manipulating market movements. And our 2012 GDP forecast was for 0% growth, which is supporting of a bearish bias. Still, it’s probably a good idea get another data point into Q1, this…