The markets are still in a holding pattern as evidenced by the charts below:
Equities, bonds and the dollar are all in a tight range. That, of course, leads to a very important question: why? What does a holding pattern mean? The smart-ass answer is "there are an equal number of buyers and sellers." But, there is, in fact, a deeper reason: the absence of strong sentiment in either direction. There is almost a perfect balance between good and bad sentiment, meaning traders are waiting for ... something.
58 minutes ago