WHEN YOU LET CENTRAL BANKS TRADE E-MINIS

Friday had some of the most confusing market action I have seen in quite some time. I guess it really started Thursday night when the Japanese market plunged 4% for no decent reason. The European stock market then followed. US stocks hung in there for a while, but going into the American unemployment release at 8:30 am, the S&P 500 future was trading do…