The Fed Didn't Spike The Index Fund Trader Punch Today

The Fed didn't spike the index fund trader punch today. The $2.75 Billion one day Repurchase Agreement or "Repo" as it's called is a small fraction of the daily average for Fed Credit (about $7 Billion), see http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE. So, index fund traders probably won't provide much help to gold/silver stocks today, since Fed Credit has been below average recently, despite the punch spiking that occurred on Thursday and Friday. The S & P 500 (SPX) is the index to watch as it drives index fund trading. ....... http://www.JoeFRocks.com/

Fed SPX