Just as we warned [3]not even two hours ago, things on quad-witching get exciting, and volatile.
And sure enough, after starting out the overnight session calmly and without much fanfare, US equity futures have proceeded to surge on absolutely no news, but merely what appears to be the latest market-wide stop hunt, or as the CME's central bank liquidity rebate program is being put to good use.
[4]
The target: taking out any and all stops since the post-FOMC highs.
[5]
As for oil... well, why not.
[6]
