FRONT-END STILL GUMMED UP

Although risk is bid, some of the plumbing still indicates problems

Stock markets continue to scream higher, and now suddenly, it seems like it’s a lot more fashionable to be constructive on the markets. Funny how that happens…

Although I continue to pound the table on the fact that the stack of blue tickets on the NY Fed’s Operations’ desk is nothing you want to fade, there are some hints that things are not as hunky a…