As the excitement of another US equity day session approaches, the BTFATHers can't help themselves [2] and have lifted the S&P 500 futures to another new all-time record high. Sure, why not, when the Fed has the path illuminated [3]... It would seem the dips that are bought have now been reduced to 3-4 points though what is perhaps more worrisome is that EURJPY has 'decoupled' from the exuberance in the last hour.
[4]
but carry is fading...
