Cusick’s Corner 01-30-2013 Midday
The data was mixed, ADP was up but the GDP was down. Now this might have been telegraphed by the Consumer Confidence data yesterday, but is does put the spotlight firmly on the Fed announcement and statements. The market is grinding a little lower but has firmed into the Midday which is somewhat positive for the longs and could be a squeeze opportunity on the shorts if the Fed announcement is status quo. See you After Hours.