Update

Choppy, nervous  Stock market again this morning not a suprise.IBM did announce an Additional $4B stock buy back which briefly  lifted the major indices.Hope is that more buyback announcements will follow and possibly give  stock markets a sustained boost.Consumer Confidence beat  Expectations,Job metrics continue to be strong and respondents boosted  inflation expectations by .1%  a solid number,But a survey number and not a “hard  data ” number.I am keeping one eye on the russell  as  trading pattern has been sideways last 4 days not  trending down,maybe if it breaks higher it can pull other indices with it.

Dollar index +.3% one reason  is due to tomorrow’s Increase in the Amount that Fed balance Sheet unwind moving to $30B from $24B. Historically, per Morgan Stanley Dollar rises on SOMA day’s so maybe “buy the rumor sell the news” move in DXY

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